Exclusive Distributor of Wind, Earthquake, Restraint Products
| Asking Price: | $2,200,000 |
| Gross Revenue: | $3,600,000 |
| Cash Flow: | $760,000 |
| Established Year: | 2004 |
20 years as a leading Exclusive and Main Manufacturer’s Representative specializing in vibration isolation, earthquake and wind restraint,architectural sound control for the HVAC, plumbing, and electrical construction markets currently servicing CT and Western MA. 164% increase in sales between 2023(1.4mm) and 2024(3.6mm) with a PROJECTED 760k SDE for 2024. Exponential growth due to limited local competition, innovative service model, expertise in building codes and product knowledge. This sales model can be replicated at the National Level.
EVERY STATE HAS REQUIREMENTS FOR BRACING IN THE BUILDING CODE. Currently, all U.S. states and many foreign countries are using the International Building Code. Many states have adopted the code at the state level, while others have adopted more rigid versions of the code at the county level.
Effects of Hurricane Sandy
Recently, seismic restraint requirements have changed more by the use of the building and its need to function during and after an earthquake versus the location of the building as in past codes. Since Hurricane Sandy, WIND loads have increased dramatically for CT and MA where the business has shifted to meet these increased demands. Hospitals, military facilities, government facilities, police, fire and rescue facilities, and critical infrastructure facilities primarily require seismic restraints. Any non-structural components located outside require wind restraint and engineered (PE Stamped) calculations for each specific component and that particular project. Like a fingerprint, each job is similar, but uniquely its own.
Thermal / Seismic Expansion of the Piping Systems
This is the third main prong of the business which is also a code mandated requirement. SCP have developed a system that not only helps their customers save a tremendous amount of labor and materials but has increased their margins significantly.
About Seismic Codes In the United States, the International Building Code (IBC) sets minimum design and construction requirements. The American Society of Structural Engineers (ASCE-7) provides earthquake specific requirements. Some noteworthy seismic code requirements include:
-Plain masonry and plain concrete buildings without steel reinforcement are not permitted in moderate-to-high seismic hazard regions.
-Major mechanical, electrical, and plumbing (MEO) components are braced to resist earthquake loads and motion.
-Buildings like hospitals, hazardous material storage facilities, and emergency structures are designed for at least 50% more seismic load than common buildings.
The current ownership is fully enthusiastic and committed to working closely with new management to develop the optimal strategy for a smooth and successful transition. They are also willing to remain involved beyond the transition phase, offering to continue as a sales team to help grow the business further.
SBA Financing Preapproved by Byline Bank
