Started by the current owner over 30 years ago, this very profitable business serves a lucrative growing market as a leading provider of commercial, hi-rise, restoration services including deck coating and weatherproofing exterior walls along the Eastern Shore of Maryland. The company is recognized throughout the region as a leader in their business segment. Customer satisfaction is the end result of the company's efficiency and great work product coupled with their high quality service. Gross Margins have consistently exceeded 40 percent. The company is non-union with 8 highly trained, long-term employees in addition to the owner.
Competition: Company has competition but has an excellent location and is recognized as a leader in their business segment. After 30+ years providing excellent services, they compete very effectively having excellent name recognition in their market. Their many referrals yield repeat business from their large, existing customer base.
Growth & Expansion: Current owner has decided to keep the business small. But, for the right buyer the company provides a well-established platform for growth with very strong operating profits and excellent history. By using Company's excellent references to expand the current service business, a new owner could run more job sites at same time. A new owner might also consider diversification and add services / product lines by taking advantage of Company's well known brand name and strong market position. He/she could offer to paint and renovate interiors, install windows and doors, and expand roofing services, etc. Residential painting services could also be added. And, the Company could also expand geographically.
Support & Training: To ensure a successful transition period, the owner is willing to work with a new owner for up to two years post-closing.
Reason for Selling: The Seller wants to eventually relocate and pursue other business interests.
Asking Price $890,000
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