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Industrial / Commercial Heat / Frost Insulation
Location Michigan,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1335000
Net Profit / Cash Flow $250000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1967
Number of Employees 6 - 9
Inventory $50,000 negotiable.
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Owner is willing to remain for transitioning, Staff will most likely stay after sale.
Reason for Sale Retire.
Description This profitable insulation company for sale was founded in 1967 and has been owned by the current owner since 1985. They have been servicing nationwide, heat and frost insulators for mechanical systems in the industrial and commercial fields. Their happy clients include schools, hospitals, manufacturing plants, malls, shopping centers just to name a few. Business owner would really like to retire.
This business is housed in an office space of 1,600 square feet with additional warehouse space nearby. They are located on a city street in a high traffic location with good visibility. There is no special licensing required for this business.
The primary business activity of this business is: Heat and frost insulators for mechanical systems employed in industrial and commercial structures. For example, schools, hospitals, manufacturing plants, shopping centers, and etcetera.
Inclusion of Inventory, equipment and vehicles is negotiable. 3 pickup trucks are used in the operation of this business.
There are 2 leased buildings, one is 1,600 sq ft with two 400 sq ft offices and an 800 sq ft Estimating room. This is 1 block off main express way very close to downtown. The other is leased warehouse space located approximately 4 blocks from the office space. The warehouse area is approximately 50,000 sq ft. They are in good condition with room for expansion at current site.
Adding an electrician who can install ''heat tape'' prior to the installation. This would provide another profit center and save time waiting for electricians to complete their procedure. A new owner with basic computer skills would greatly help, current owner spends an extensive amount of time on tasks that would be better, more efficiently done on the computer.
This company has an excellent reputation over the years and excellent product and knowledge of the industry. Most of their advertising is word of mouth, however they also use the yellow book and online.
Asking $500k See more info at intlag.com
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