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Los Angeles

  • Listing No.: 130-00149

  • Category: Construction

Asking Price $1,175,000
Down Payment
Gross Revenue $2,821,858
Total Adjusted Net Income $508,576
Equipment/Fixtures $20,000
Year Established 1987
General Location Los Angeles
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Here is a 30+ year old general contractor company, specializing in residential and commercial painting, drywall, insulation, coatings, coverings, carpentry, and tile. What makes this company different from most general contractors is the majority of revenue is sourced from long-standing customers in the commercial real estate space, such as property management companies for multifamily properties and HOAs, as well as sourced from referral relationships the company has with larger general contractors who specialize in restoration and emergency services work for insurance companies. These revenue sources are reoccurring and greatly reduce the risk to revenue that exists with most general contractors, where most of their revenue comes from individual home owners. The company has an excellent reputation for high quality work, supreme client service, integrity, and a courteous staff. The Company is fully staffed with a superintendent, supervisors, office manager, carpenters, and painters. A buyer should have knowledge and/or experience in the construction industry. General contractor and painting contractor’s licenses are required. The Company has clean books and records! Inquire Now!

Gross Revenue $2,821,858 Listed Price $1,175,000
Total Income $508,576 Down Payment
Base Rent $2,400 Square Feet 1712
Total Rent $2,400 Lease Expiration 7/2018
Rent Deposit $0 Lease Options
Inventory $0 Leasehold Improvements
Equipment/ Fixtures $20,000 Other Assets 2013 Ford F-150 Truck - $15,000
Full-Time Employees 35 Training Period 30 days
Part-Time Employees 0 Special License Required General Contractor's License, Painting Contractors License, Various business licenses
Contract Staff 0 Reason for Selling Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.