Mediation & Family Law Firm – Owner to Keep Equity

This firm provides family law-related services throughout the state of Connecticut, catering to various legal needs including divorce, custody, mediation, living wills & estate planning, as well as consulting services. This firm employs a dedicated team of 11 staff members comprising the office manager, four lawyers, three paralegals, an administrator, and a receptionist. The seller delegates caseloads among staff and manages productivity. Owner has very low caseload which can be easily absorbed by the legal team. Owners’ role is more growth & vision. To show good faith, the owner is willing to offer a 10% promissory note plus a 10% equity roll. The firm’s case breakdown reveals a strong focus on divorce proceedings, which is approximately 70% of their caseload, custody applications make up about 25% of cases, with the remaining 5% in other legal matters and mediation services. Operating from two locations, with a 3rd on the way, allows for strategic positioning which enables them to serve a broad clientele across Connecticut effectively. Unfortunately, the divorce rate has more than doubled in the US since 1990. To ensure a smooth transition for a new owner, the seller has committed to providing a transition period of two years based on buyer preference. Growth opportunities include geographical expansion and marketing in new territories within Connecticut or even beyond state lines.

Connecticut

Mechanical Advisory Firm: Recurring Clients are 90% of Revenue

With 90% of revenue coming from recurring clients, this mechanical advisory company subcontracts almost all their labor. They have been serving major commercial clients since 1992 in HVAC, mechanical, and plumbing and 80% of their business is from new construction with the remaining 20% coming from maintenance & repairs work. Deemed an essential business amid the pandemic, this company’s largest customers are food processing facilities and Amazon distribution centers, with a strong foothold in the logistical and institutional sectors. Their highly experienced team with 5+ year tenures, has over 100 years of combined experience; it consists of the owner, who acts as General Manager, plus 1 Project Manager, 1 Estimator, 1 Office Manager/Bookkeeper, and subcontractors as needed (3 of which are exclusive to this company).Using proprietary software that tracks the breakdown of all of their costs for each individual project has set them apart from the competition; it allows them to be exceptionally cost-conscious and pursue jobs that match their skill set, while being cost-effective. Clients know this company will always stay on budget. In addition, they have never lost money on a project due to their scientific approach to pricing.Established in 1992, they are a legacy company in the construction world; they receive invitations from the contracting and construction communities to bid a job and have a current win rate on bids of 50%!   This company does not market and advertising as 100% of their customers come from referrals from existing customers. With a current backlog of $6.5M, the team is committed to seeing a job through from beginning to end, from the bidding process to coordinating the resources and installation needed for the project. Services include plumbing, heating, ventilation, air conditioning, sprinklers, industrial gas fitting, steam fitting, process piping, and pneumatics. This would be a fantastic bolt-on opportunity for a control’s contractor, electrician, or civil contractor. Creating synergy between two companies would be an incredible opportunity to expand the market share and boost revenue.

Greater Vancouver District

Manufacturing & Fabrication of Wood & Millwork – Passively Owned

Presenting a manufacturing & fabrication company with a focus in wood and millwork where the owner is very much passive. They are boasting more than $6M in backlog and the asset value is over $2.6M; which includes a working capital of $1.8M, vehicles and equipment over $800,000. They have a recurring client base which consists of schools, universities, churches, and hospitals. They do not carry any designations such as MBE, WBE, or SDVOSB. The business owner enjoys running this company passively due to the experienced leadership team of 5 which includes a President who has been groomed to operate the business, 7 Administrators, 9 in the shop, and 6 in the field. Labor includes the General Manager, Foreman, Estimator, Production Manager, and Fabricators with all other labor subcontracted out for installation. The owner is willing to stay on for 1 year and is selling due to retirement as he established this business more than 30 years ago. Due to reasons for growth and expansion, they have moved into a building that 14,000 sq ft roughly 2 years ago and have experienced this continued growth trend ever since. The seller is willing to carry or roll equity at 15% to show his vested interest in the continued success of the business moving forward Priced at $5,500,000, this business comes with a proven history, a tenured staff, and reliable client base, allowing for a buyer to step in and continue operating and growing successfully from day one. Growth opportunities include continuing to follow GCs to high net-worth areas like Hawaii.

Salt Lake City, UT

Manufacturer of Racking Systems for IT and Servers

This manufacturer designs and fabricates racking and cabinetry systems across Canada and the United States. Established in Toronto for over 50 years, this fabrication business has experienced significant growth and success in the industry. With over $1,000,000 in upcoming work, the company continues to expand its market presence and customer base. Their client base consists of IT companies, cabling contractors, distributors, data centers, and financial institutions – 70% is direct to the end user and 30 % is to distributors. They work with 40 to 50 clients annually. The company operates from a spacious 29,000 square foot facility that houses a design center, and production area. The company has 24 full-time staff members, including 16 skilled craftsmen in the shop and 6 administrative personnel in the office, and 2 in leadership. They do not do any installation or wiring of products. The owner is not involved in the business, providing minimal oversight as he has a team of experienced managers and employees who run the day-to-day operations. The seller has offered to carry 15% of the purchase price in addition to a 6-month training period in order to provide a seamless transition. Equipment and Inventory included is valued at $939,429, plus AR for the buyer’s working capital is $145,000. In addition, they boast a work in progress of $650,000 with a backlog of $1,200,000! Priced at $4,200,000, this business is primed and ready for a new owner to step in and enjoy a reputation that has been built over the past 50 years. A 15% down payment of $630,000, will return $792,611 in the first year after debt payments!

Greater Toronto Area

Manufacturer of “Everyday Apparel” with Big Box Clients

Priding themselves on what is called “Elevated Everyday Apparel,” which they design, oversee manufacturing, and then distribute to their clients. Their clients are highly reputable and recognizable, including Nordstroms, Burlington, PacSun, and as of last quarter, they are now rolling out Target! The company has manufacturers in Mexico, Guatemala, and China and distribution throughout North America. They have 10 of their own brands, over 50 licenses, and also do white label for retailers. The team is well developed with 4 in management/office administration, 7 in art and design, 3 in sales, and 4 in production. The two owners spend about 20 hours a week in the business, with Owner 1 overseeing the production and sales team, and Owner 2 working with the art department and merchandising. One person easily could perform both roles. This replacement salary is accounted for in the cash flow. As a show of good faith, they are offering a combination of 10% promissory note and a 10% equity roll for a total of 20% proving their vested interest in the continued success of this business.

Environmental Services with 3 Engineers

Services include Storm Water Design and Inspections, Erosion Control, Environmental, Soil, Water, and Air Testing, and Environmental permitting. This firm has been specializing in environmental testing and engineering services for over 30 years primarily for state and commercial clients with a 75% repeat client base mainly in Indiana with some clients also in Illinois and Kentucky. They boast a current work in progress of over $1 Million. The company employs a dedicated team of 10 which includes 3 Licensed Engineers, 6 Inspectors, a Geologist, and Office Admin. They operate out of two offices strategically placed in Central and Southern Indiana. Location 1 is a spacious 4,500 sq ft; the 2nd location is 500 sq ft. both locations support the Engineers and field inspectors. Included in the purchase are assets valued over $450,000 which includes $222,385 in vehicles, $111,489 in field equipment, and $44,297 in office furniture in addition to operating capital of $85,000 – $100,000. The owner is retiring due to her age. She has offered to carry 10% of the purchase price coupled with a 6-month training period plus an additional 6 months of consulting in order to show good faith in the continued success of the business. The seller provides general oversight to the team, approving payroll, reviewing the bids and projects with the engineers. Priced at $2,100,000, this business stands out as a reputable provider of essential environmental testing and engineering solutions with a strong foundation built over decades of experience. This business carries two designations that play a vital role in their success: Women-Owned Business Enterprise (WBE), approximately 75% of the revenue collected comes from the designation, a buyer will need to qualify for DBE, WBE, or Veteran to continue with the contracts awarded.

Central and Southern Indianna