Construction Material Provider - $2.77M Included Property! (37767)

Texas

Seller Financing Available

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Cash Flow:$6,500,000
Inventory:$6,471,545
Real Estate:$2,770,000
Gross Revenue:$33,000,000
EBITDA:$3,780,118
Established Year:1980
BUSINESS DESCRIPTION

Accepting Offers! Situated within Texas, this construction supplier is the largest retailer in the area offering quality millwork services and construction materials such as steel, lumber, concrete, and roofing products. Boasting high ratings and over four decades of experience, the company enjoys long-time reputations and strong commands over top local markets of Residential Home Builders (40%), Commercial Contractors (20%), and roofing Suppliers (40%). Managing to thrive during 2020’s recession, 2022 Revenues reached $33 Million with Discretionary Earnings of $6.5 Million, rounded. With no individual client making more than 4%, nor the Top Ten summing over 26% of their annual income, the company has a diverse client base that carries a low-impact risk rating. Four buildings that total 40,724 square feet feature around 4,800-sq.ft. of administrative areas, plus 35,200-sq.ft. of warehouse and millwork spaces. The full real estate is found in prime condition and commercially zoned to handle additional capacities for expansions, with two of the properties included within the Asking. With new potentials to take business to next levels, company is in prime condition to continue growth with the included equipment, working capital, and inventory over $6,000,000! Reliable personnel of 33 nonunion employees with a management team in place agree to remain post-purchase and continue work after a smooth owner transition period negotiable up to two years. Besides verbal referrals from a large and repeat customer base, this company benefits from programs sponsored by the regional Home Builders Association and has an internalized sales team. With figures based on an independent evaluation, this opportunity won’t last long!


DETAILED INFORMATION
Location
Texas
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
40,724
Employees
33
Facilities
Business features current Receivables of $2,042,564 and Other Assets valued at $544,715.
Financing
Negotiable up to 20% for the right buyer.
Support & Training
Negotiable period of up to 2 years with a management team in place.
Reason for Selling
Approaching retirement and/or pursuing other interests.
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Jason
Hullender
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Jason Hullender