Absentee Owner Concrete Polishing, Water Proofing

Absentee Owner Concrete Polishing, Water Proofing and Coating Company - SC2172

Financial Information
Asking Price: $849,000
Cash Flow: $316,390
Gross Revenue: $2,406,911
Down Payment: $636,750
Financing: Yes

This Northern California based concrete polishing, water proofing and coating company is a California Sub-Chapter S Corporation that has been in operation for the past 21 years, under the ownership of the founder. This is an Absentee Owner Business. With over 45 years of experience in coating technology, they have built a reputation for superior performance, reliability, and customer satisfaction. Many of their products have been engineer-specified for commercial applications and their experienced factory-authorized and manufacturer-certified applicators provide consistent quality on each project. Public facilities, federal state, county and municipalities along with building contractors, commercial facilities and homeowners choose this company because they can be assured their project will be completed using the highest industry standards. They provide concrete polishing, concrete staining, decorative concrete overlays, epoxy garage floors, epoxy floor coatings, pool resurfacing and waterproofing. The Seller holds a Genera B Contractor license, and C-61 (Limited Specialty Classification) and C-12 (Earthwork and Paving Contractor) license. They have performed Union and Non-Union work.

Business Location
City: Confidential
State: California

Financing Comments
Seller financing for up to 25% of the purchase price at 8% interest over 3 years is available. The amount financed will depend on the offered price and the quality of the Buyer.

Reason for Sale
The Seller is selling to focus on other interests.

Detailed information
Year Established: 2003
Home Based: No
Franchise: No
Relocatable: Yes
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 20
Part-Time Employees: N/A
Contractors: N/A
Owner Worked Hours/w: 2
Adjusted EBITDA: $205,483
Inventory Included: Yes
Inventory Value: $3,500
Monthly Rent: $4,554
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 5000
FF&E Included?: Yes
FF&E Value: $791,803

Training/Support
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner.

Market Outlook/Competition
North America Non-Residential Polished Concrete Market size was valued at $1.03 Billion in 2021 and will exhibit a growth rate of over 4% from 2022 to 2028. The North America concrete flooring market size was valued at $2.84 Billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2023 to 2030.

CA 02282967
NV B.1003039.LLC
NV BUSB.0007191