Description

Reviewed financials. 29% net profit margins. Licensed in 12 southern states. Owners have a combined service record of over 100 years of experience. Certified and own an in-house apprentice program. Backlog of work approximately equal to prior year’s revenue. Debt free, including a “C” Corporation coupled with a LLC. Reputation and relationships with local large General Contractors is excellent. Customer base includes Lowe’s, Home Depot’s, several large banks, food stores, municipalities, automotive dealerships and all commercial buildings. Company uses the completed contract method for income tax purposes. This may create temporary timing differences in revenue recognition between the percentage-of-completion method use for financial statement purposes.

Posted Aug 19, 2010

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