Construction - Special Trades

Asking Price	$2,700,000	Inventory	$61,065*
Gross Income	$2,945,000	Real Estate
Cash Flow	$864,022	Year Established	2003
FF&E	$41,790*	Employees	16

* included in the asking price

** not included in the asking price

SIC 1521-07, 11, 22. The company is the dominant designer and contractor for screened outdoor rooms, pool enclosures, lanais, and sun rooms in its geographic market. Located in the fastest growing county in the state, over 40,000 dwelling permits have been issued for as yet unbuilt units. In the warm, sunny climate where it is located, such outdoor living areas are in high demand for new homes as well as homes being remodeled. Since the company was established in 2003, sales have grown from $300,000 annually to $3 million in 2006, doubling each year. Discretionary cash flow has more than doubled each year, reaching $864,000 in 2006. Given the comparatively small tangible asset base of $102,000, the return on assets in 2006 was thus over eight times. The "manufacturing" process is relatively uncomplex. The company buys screening and structural members as needed, custom colors the structural memebers when required, moves product to the job site where construction takes place.

Facilities: The company leases 1,000 sq. ft. of office and 1,600 sq. ft. of warehouse space from the seller. The annual cost is $21,150.

Competition: Management believes that it has a 75 percent share of the screened room, pool enclosure and sun room market in its area. Three competitors share the remainder. The business is strategically located in the heart of the fastest growing county in the state.

Growth/Expansion: The growth opportunity is almost unlimited due to exploding rate of growth for housing in the area. In addition, the company is beginning to expand in an adjacent metropolitan area.

Financing: Seller would consider financing in addition to institutional financing

Support/Training: The seller and General Manager will provide three months of training at no cost. The General Manager would consider remaining with the company on a permanent basis.

Reason Selling: Change of career.