$200,000 of working capital is included in the $1,950,000 selling price.
This well-established, successful company specializes in interior upfit and renovation for multi-tenant office, flex, medical, retail and light industrial.
The business is a licensed general contractor in North Carolina and South Carolina. One of the employees also has his General Contractors license.
The largest customer in 2017 only represented 18% of total sales and many of the company’s customers have been with the company for 15 years.
The team is comprised of a veteran project manager and superintendents, some of whom have been with the company for 5 – 10 years. Many of the primary customer relationships are with the project manager and superintendents. The company also works with 45 – 50 licensed trade contractors.
The seller is willing to remain for up to six months to assist with training and transition.
This business has been pre-qualified for a 10 year SBA loan with a $390,000 down payments at a fixed interest rate of 5.96%
The loan has a $350,000 working capital line of credit and a $250,000 commercial card. The seller is also including $200,000 of working capital. These will provide the buyer with a total of $800,000 in working capital.
This business was recently sold by Viking Mergers & Acquisitions. Please view our other listings or contact us if you are interested in buying or selling a business.