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Fire Sprinkler Manufacturing, Service & Installation
Location Florida,United States
Asking Price Range $250K - $500K
Gross Revenues $1214485
Net Profit / Cash Flow $185000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1998
Number of Employees 10 - 19
Inventory 140000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training 30 days at no cost to buyer
Reason for Sale Retirement
Description THIS COMPANY IS NOT FOR SALE AT THIS TIME. The company designs, manufactures, installs, services and maintains Fire Sprinkler Systems. They have been in business for over 10 years. Their business is primarily referrals. Their employees are long term and very knowledgeable. They handle a job from idea to completion and service it after completion. A license is needed which can be obtained in about six months. The seller has a NICET 3 Level License, will stay on for up to two years making his license available. The company does all its own fabrication. It has an engineering department, service department and installation department. They handle all systems. They act as consultants to municipalities, major retail chains, major drug store chains, hospitals, the veterans administration, contractors and architects. There are 16 employees. Their hours are 7:30 to 5:00 Monday to Friday. There is a 4,000 Sq. Ft. building on one acre of land. Rent would be $2,000 a month if the buyer did not purchase the real estate which is available. The reason for the sale is retirement and family health issues. The asking price for the business is $269,500 which includes $100,000 FMV of equipment and $40,000 of inventory at cost. The Real Estate is available for an additional $250,000 which would add $24,000 to the Discretionary Cash Flow of $185,001 by eliminating the rent. PRICE FOR THE BUSINESS IS $ 269,000.
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