Net Cash Flow: $350,000
Location: Finger Lakes Region, New York
This business provides commercial and residential insulation services throughout upstate NY. They specialize in open and closed cell spray foam insulation and also offer blown-in fiberglass insulation for ceilings and attics. Most of their business comes from referrals from satisfied customers. They have grown every year since starting the business in 2010. No licensing or other experience is required to operate this business.
There are two owners. One handles sales, and the other is a foreman/worker. The one who does sales joined in June 2013. A $70,000 payroll adjustment has been subtracted from the cash flow to hire a replacement for the foreman/worker.
Since they provide excellent workmanship and customer service, most of their business comes from referrals. They advertise in a local paper but don’t do any internet advertising.
Growth & Expansion:
The business has experienced high growth every year. Multiple markets, including industrial and commercial, that have not been pursued present additional opportunities for growth.
Support & Training:
The seller is willing to help the buyer ensure a successful transition.
Reason for Selling:
The seller wants to focus on other ventures.
Seller financing is available to a qualified buyer.
The shop is 7,200 sq. ft. A lease will be extended to the buyer for $28,000/year. Please inquire for a complete list of the equipment included in the sale. The real estate is owned by the seller and could be available for purchase if the buyer desires.
Down Payment: $1,739,000