Sioux Falls Area Drywall Company for Sale

Mar 10, 2022 7:37 pm

HAPPY (almost) FRIDAY!

First, I want to apologize to the 14 people that received my last email twice. I'm still getting the hang of our new email client.

I missed last week due to a death in the family. My grandmother-in-law had a long, beautiful life and a beautiful death (if there is such a thing) to match. She will be missed and remembered by many.

I'm heading out of town tomorrow, so this little note is coming a day early. My response time may be delayed--my apologies in advance.

More Information, Please!

Sioux Falls Area Drywall Company

Minnehaha County, SD (Relocatable)

Seller Financing Available

Asking Price: $190,000

Cash Flow: $132,571

Gross Revenue: $292,388

FF&E: $20,000

Established: 1996

Business Description

The Company has had a single owner for over a quarter century. The primary focus is new home construction and basement finishing. Light commercial work makes up a small portion of revenues. Certain aspects of the drywall process (e.g., hanging) could be subcontracted out to increase margins.

Detailed Information

Location: Minnehaha County, SD

Employees: 1 FT

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: This business is home-based. All that’s required is a pickup and a small storage space. The current owner utilizes a 10x30 cold storage unit. Some small inventory items are kept in the owner’s garage. (Home Based)

Competition: There is very little competition in this niche. Other, larger companies focus on different aspects of the construction trade and are generally not considered competition. Sioux Falls had over $640 million in residential constructions permits issued in 2021. Building trades will continue to be in high demand and the area’s growth shows no sign of slowing.

Growth & Expansion: Adding employees could generate the ability to do more work. There are some aspects of the trade that could be subbed out, allowing for more, high-margin time in the field. Adding services such as painting could also be used to grow the company. Since almost all the work is residential, a new owner could create new business by developing a commercial side.

Financing: $170k down/$20k over 60 mos. @ 5%.

Support & Training: Will train for 2 weeks @ $0 cost. Included in the sale is up to two weeks of transition time with the seller to ensure a smooth handover. The seller is willing to stay for up to a year for an agreed upon compensation. The customer experience begins with the bid process. Then the drywall is hung, taped, and textured. Framing and painting are not currently part of the scope of work but could be added if a new owner wanted to expand. No special licensing or skills are required.

Reason for Selling: Owner is ready to retire and possibly pursue another line of work.

Home-Based: This business is Home-Based

More Information, Please!

I'm looking forward to hearing from you soon!

Be Well,

Josh

JOSH GRODE WOLTERS, MA, MBA, BTS

Business Broker | M&A Advisor

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