Hotel And Motel Renovation Contractor Business For Sale
Location Florida,United States
Asking Price Range $500K - $1.0M
Gross Revenues $2150651
Net Profit / Cash Flow $200284
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1988
Number of Employees 4 - 5
Inventory $34000
Relocatable Yes
Number of Employees 4 - 5
Real Estate Owned
Training 30 days training at no charge. Additional support at compensation to be negotiated.
Reason for Sale Retirement.
Description This 23-year-old contracting firm specializes in the remodeling of hotels and motels. It is a preferred vendor for two of the world's largest lodging chains, which gives it a built-in customer base. The firm is experiencing a sharp rise in the number of jobs being bid in 2011 as the industry recovers from the recession and franchisors require their franchisees to make property improvements. BACKLOG OF JOBS IS NOW OVER $1 MILLION. This business model lends itself to expansion through the opening of regional offices in association with other firms. The company operates with just a few employees and minimal capital equipment because work is generally performed by subcontractors. Price: $799,000. Call or email Eric Petty, Broker, Corporate Consultants, Inc., at 727-330-9633 for more information on this renovation contractor business for sale.
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