The business is a highly regarded lath and plaster company operating in the Los Angeles area. They specialize in both exterior and interior lath and plaster applications for residential and commercial projects.
The business has built an impressive referral network and enjoys repeat business from a wide variety of general contractors, which speaks to the quality of their work and the trust they have earned in the construction community. Their client base is concentrated in the beach cities of Los Angeles County. The business is well-staffed with long-term employees, and some have been with the company for over 20 years. A new owner will have an entire team of estimators, supervisors, foremen, and plasterers in place to ensure a smooth transition.
This business has been family owned and operated for the past 34 years. Unfortunately, the owner unexpectedly passed away last year. The family has taken over operations; it is quite the compliment to them, the employees, and the company’s reputation that they continue to perform extremely well. However, the family’s business interests are now elsewhere, so it’s time to find a successor to step in and take the company into the future.
Construction businesses of the highest quality don’t come to market often, so this is a unique opportunity for a buyer to step into a well-established and profitable construction business. A buyer can choose to continue running the business "as is", maintaining its current profitability, or leverage it as a foundation for growth. The family owners were not expansion-minded; by actively marketing and advertising to the construction community, there is huge potential to acquire new customers and grow profitability even further. If you're already working in the construction industry and looking to become independent, or if your company is seeking growth through acquisition, this is a fantastic opportunity. Don't hesitate to act quickly and increase your annual income by $259k+ a year. Reach out to the Agent today!