Time-Tested Plaster & Finish Business, Chicago, IL

Featured on BizBuySell.com . 1 viewed

Asking Price

$699,000

FOR SALE - ACTIVE

Detailed Information

Location

Illinois (Relocatable)

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

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Business Description

This well-established business specializes in traditional interior plastering and exterior finish systems in the Greater Chicago & Northwest Indiana regions. With almost eight decades of experience, they have the opportunity to expand their services to include drywall, painting, caulking, and framing in-house. The business has a solid financial track record, with gross sales of $1.2M in 2022 and revenues reaching $1,454,440 in 2023, alongside discretionary earnings of $336,382. The company has a diverse customer base and strong reputation in the industry, allowing for operational flexibility without compromising sales. They operate from a home-based office and a 2,500 square feet warehouse facility, available for separate purchase or relocation. The skilled team of seven union employees, along with involved ownership, is expected to stay post-sale for a smooth transition period of three to nine months, maintaining manager roles throughout. In addition to an active website and loyal customer base with long-term contracts, the business can enhance its

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Listed By:

Name : Jason Hullender

Phone Number : Show Phone number

Jason Hullender typically replies in about 7 minutes

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