This firmly established (28 years) Commercial and Industrial Insulation Company is highly profitable and well-suited for growth and expansion. Based in the greater Baltimore-Washington area, the company is renowned for both its outstanding service and the quality of the insulation work the firm provides. Buyer will acquire a strong local presence with solid customer list.
Key features of the business:
Committed backlog report for all un-billed jobs as of May 2024 is $1,290,531.
Strong gross profit margin averaging 46.6 percent
Good relationships with clients and a high number of jobs from repeat customers
Growth industry in a fast-growing geographic region
Seller who is willing to train and assist the buyer with a smooth transition
All operational procedures established
ASKING PRICE: $1,495,000
Insulation Company | 2023 | 2022* | 2021* | 2020* | 2019 | 2018 | 2017 | ​ |
Revenue | $3,025,772 | $1,863,078 | $2,009,313 | $2,025,763 | $3,312,960 | $2,611,141 | $2,897,438 | ​ |
Cost of Goods Sold | $1,642,855 | $1,001,856 | $1,127,544 | $1,397,790 | $1,998,777 | $1,615,125 | $1,643,126 | ​ |
Gross Profit | $1,382,917 | $861,222 | $881,769 | $627,973 | $1,314,183 | $996,118 | $1,254,312 | ​ |
Gross Profit Percentage | 46% | 46% | 44% | 31% | 40% | 38% | 43% | ​ |
Seller’s Discretionary Earnings | $621,358 | $129,000 | $215,756 | ($68,688) | $462,216 | $276,809 | $608,615 | ​ |
*Years the business was impacted by COVID
Please contact Richard Stopa (RStopa@HarvestBusiness.com) at 703.307.1187 to discuss this business in more detail.
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Disclosure: We have relied on information provided and approved by seller and make no additional representations or warranties. Buyers should review with their advisors as needed.
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