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Industrial And Mechanical Contracting Business For Sale - Houston, Texas, TX |
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| PROFILE: Industrial And Mechanical Contracting - Profitable Business With Excellent Rep. |
| Status: |
Off The Market |
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| State: |
Texas |
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| Location: |
Houston |
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| County: |
None Given |
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| City: |
Houston |
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| Primary Category: |
Service Related |
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| Alternate Category: |
None Given |
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| Asking Price: |
$600,000 |
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| Down Payment: |
$600,000 |
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| Annual Revenue: |
$4,000,000 |
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| Annual Adjusted Net: |
$380,000 |
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| Price Range: |
$500,001-$1 Million |
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| Franchise: |
No |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
Yes |
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DESCRIPTION: This Industrial And Mechanical Contracting Business Is Based In Houston. The Current Owner Has Built A Highly Profitable Business With An Excellent Reputation. They Have Strong Relationships With Their Large Corporate Clients Which Keeps The Work Pouring In. The Business Started With A Single Client In 2005. In 2006, They Added 4 More Customers, But 91% Of Sales Were Still With The Original Client. In 2007, The Largest Client Is Only Responsible For 48% Of Sales. Even Though This Business Was Only Started About Half Way Through 2005, They Still Completed Over $1,000,000 Of Work That Year. In 2006 They Completed Over $2,400,000 Of Work. They Already Have $1,700,000 Of Contracts For 2007. All Of The Appropriate Licenses Are In Place (Master Plumber, HVAC Etc). This Business Needs An Owner With Construction Background Who Can Create Bids And Continue To Develop Business Relationships. Generally, They Have About 20 Employees With One General Foreman And Two Foremen. The Majority Of All Work Is Completed Mon.-Thurs. 7-5. The Owner Maintains An Office Trailer At A Major Industrial Client, And Currently Operates A 7000sq/Ft Fabrication Shop A Few Miles Away. The Current Owner Has Been In The Industry For Over 30 Years And Is Ready To Retire. He Is Willing To Provide Any Support Needed To The New Owner For A Smooth Transition Of The Corporate Relationships. They Are Very Concerned About The Continued Success Of This Business. They Did An Excellent Job Of Ensuring Everything Was Set Up Correctly (Procedures, Contracts, Accounting) , And They Have The Cleanest Books Around, Including Independently Audited Financials For 2005. |
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