30 Year Masonry Restoration Contractor Including Property - SOLD
Location: CincinnatiListing Number: 32193
Financial Information
Asking Price: $286,000Gross Revenues: $373,000
Cash Flow: $160,000
Real Estate: Included in the asking price
Business Description
This company is operated by the original retirement aged owner who has built his reputation on respect, trust, and great customer service. His employees are skilled in brick laying, tuck pointing, and repair for both stone and brick walls. Sales through June 2021 are $199,000 with net income of $111,000 so 2021 will be a banner year. Buyer could expect quick growth with taking on larger jobs that the current owner refers to larger masonry contractors. The price includes a 4,000 square foot office / warehouse that is centrally located in the Greater Cincinnati region. This business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:
SBA loan eligible
Work of mouth advertising only
Price includes all inventory & equipment
Basically an April thru December work schedule
No PPP money – business grew thru the pandemic
Clean books & records – all numbers are verifiable
Serving both residential and commercial customers
Price includes 4,000 square foot office / warehouse
Long time staff in place – over 70 years with company