“Very skillful in overcoming unexpected challenges.”

Zuhair Qazi
President, Sober Clarity


“Vasilis worked tirelessly to maximize the price of my business and helped protect my interest. ”

Robert Gutierrez
CEO, Brightstar Care Thousand Oaks


“CrossRoads accomplished what two other Brokers before couldn’t. Very professional and skilled in negotiations.”

Jeffrey B. Meltzer
President, Universal Hardwood


“Confidence without ego. impressive knowledge and diverse experience. Solid results quickly.”

Steve Traino
President, Candy Direct, Inc.


“Professional and efficient services with timely information flow.”

George Koutures
President, AMBCO Electronics, Inc.


“An unmatched ability to forge a solid alliance between the parties in a win-win approach.”

Dov Lazarus
President, One Stop Undercar


“Highest professional standards in positioning and promoting the sale of my business.”

Jason Moore
President, Alexis Services, Inc.


“In my 30 years in Commercial Banking, CrossRoads ranks among the best.”

Barry Katz
Vice President, SBA Lending Community Bank


“Finding a Buyer for my size business was like finding a needle in a haystack. CrossRoads did it!”

Tafa Jefferson
CEO Amada Senior Care


“Solid selling process that produced results in a tough market. Highly recommended.”

Kitty Meyers
Owner, Synergy HomeCare Inland Empire


“If there are Buyers out there, the CrossRoads process will find them. They did for my business.”

Dan Goodman
CEO, Eilatan, Inc.


“CrossRoads did an impressive job representing my business. They actually do what they say they will!”

Jack Winn
Owner, Jack Winn Salon


“If you are looking to sell your business, Vasilis Georgiou is the choice: The right knowledge and temperament that get results”

Nayda Poblete
President, Home Instead Costa Mesa


“Very efficient and detail oriented approach. CrossRoads made the transaction smooth and handled every step.”

Lolita L. Cruz
Owner, Comfort Keepers Laguna Niguel


“The service went above and beyond. Made the process stress free”

Kelleen Corfield
Buyer, Comfort Keepers Laguna Niguel


“Smooth sales process and transition. CrossRoads’ extensive knowledge and experience was a great help!”

Jim and Yuko Fletcher
Owners, Home Helpers Senior Care, Laguna Hills, CA


“Mr. Georgiou’s professionalism and calm encouragement made all the difference in the world!”

Kelly Dunn & Nancy Bever
Owners, Caring Matters Home Care


“Thank you for all your diligence and hard work! It would not have happened without you!”

Denis Royer
President, Carpet Club


“Informative, honest, steady, professional, and always supportive. Great Guide.”

Mary and Larry Farmer
Owners, Right at Home of Albuquerque


“Diligent, obviously very experienced. Results-oriented.”

Bruce Sobol
CEO, Brentwood Electrical Contractors


“Vasilis and CrossRoads earned my respect and appreciation and I would recommend him to anyone looking for a Business Broker.”

Dane Gibson
Owner, Amada Senior Care of Roseville


“I'm grateful to have found CrossRoads, and I recommend them wholeheartedly.”

Remy C. Rippens
Owner, Clavel Home Care


“Vasilis Georgiou was the ultimate professional throughout the sale of my business. A+ rating for CrossRoads. And I mean it. :)”

Carol Boettcher
Co-Owner, SpeakerPower, Inc


“Vasilis is a Master of the business sale process. He earned his fee many times over. Best move I could have made.”

Brian Oppegaard
Co-Owner, SpeakerPower, Inc.


“Vasilis “talked me off the ledge” several times along the way with his graceful support. I happily recommend him to anyone who wants to sell their business."

Doug Garrett
President and CEO of Garrett Engineers, Inc.


“We highly recommend CrossRoads and Vasilis. You need an experienced and knowledgeable person to guide you and Vasilis Georgiou is that person!"

Bill and Donna Hoover
Owners, Care4You In Home Care


“CrossRoads made the process very comfortable for us despite making a decision of enormous importance."

Jeff and Reem Hufnagel
HWC Yorba Linda


“CrossRoads worked with efficiency and professionalism and I would highly recommend their service."

Scott Kaeser
EVP, UAS, Buyer of CitiGlobal


“Trustworthy, patient, and responsive. We highly recommend CrossRoads."

Michael and Lori Renaud
Acti-Kare


“CrossRoads is an amazing resource. Highly trusted in complicated situations."

Tarun Bhardwaj
Buyer, Acti-Kare


“Produced results very efficiently and timely. We highly recommend CrossRoads."

Tim Hatamian, CEO
Pacific Lighting & Energy Mgmt. Co.

Leading Finish Carpentry Contractor in Nevada

Reno, NV

Price: N/A

Cash Flow: $1,626,000

Total Sales: $11,600,000

EBITDA: $1,626,000

FFE: $350,000

Inventory: $780,000

Year Established: 2014

DESCRIPTION:

Rapidly growing Company that specializes in all aspects of finish carpentry product and services working primarily with large homebuilders of single-family homes and commercial and multi-family developers.   The Company delivers projects in all aspects of finishing required for single family and multi-family residential dwellings such as doors, door frames, base boards, crown molding, windows, built-in closets, fireplace mantles, etc.   The Company's revenue is well diversified across multiple large homebuilding clients.

The Company has many opportunities to expand its product and service offerings to its existing client base, using the same skill sets that it already uses to perform its core services.   There is ample opportunity for the Company to expand into providing more finish carpentry services to its core client base, including: windows and exterior doors (including garage doors).

The Company has experienced sustained 20% growth over the last several years with no end in that growth foreseen.  Estimated revenue in 2021 are again expected to grow 25% over 2020 with much of this revenue already under contract with large home builders of single family and multi-family residences.   Given the high demand for its services, the Company has been able to sustain its operating margin throughout its rapid growth and last year (2020) saw further expansion of its net operating income margin.

The services provided by the Company are in high demand by many of the largest homebuilders and multi-family developers active in the greater Reno-Sparks-Fernley MSA, which is one of the fastest growing economic regions in the Western U.S.   According to the State of Nevada's most recent publication, the region is home to a population of more than 550,000 and continuing to expand with many large companies opening large manufacturing facilities in the region.

The Business operates out of an 23,115 SF warehouse, with 75 employees, of which more than 50 are in the field.  The Company has a well experienced and established management team led by the General Manager, who had held the position for more than (5) years.

The Company is highly differentiated as follows:

-Consistent growth and profitability year after year since owners first purchased in 2014.
-Managed by an experienced General Manager and a young management team with well-defined roles and job responsibilities. The current Owners have no management role in the day-to-day operation of the business.
-A++ list of Corporate clients: Multiple national homebuilders and multi-family developers who are active in the region.
-Ranks extremely high among its peers in performance and competence.
-It operates in the Reno-Sparks-Tahoe-Fernley CSA which is one of the fastest growing economic regions in the Western US due to its day drive distance to many of the largest commercial centers and port facilities in the United States and favorable tax and business regulation environment. It is ranked in the Top 10 of the friendliest for business in the United States.

Since 2012, the growth in jobs in the Reno-Sparks-Tahoe-Fernley CSA region has averaged more than 8,000 new jobs per year, many of them coming from high tech firms that were attracted to the region, given its proximity to the West Coast and the West Coast labor pool.  A prominent example of this trend is the Tesla battery plant (Giga Factory 1 Plant) at the Tahoe Reno Industrial Center that opened in 2014 and continues to be built out in phases, which when completely built will be the largest building in the world.

According to the US Bureau of Labor Statistics the Reno-Sparks-Tahoe-Fernley CSA region has experienced a buildup of demand for housing based on job growth over the last seven years which has averaged more than 8,000 new jobs per year over much of the last decade while adding on average only 2,500 new housing units per year.   It is estimated that to establish and maintain equilibrium 5,000 new housing units are needed, twice what the market has been producing over the last several years.   Given this disparity single and multi-family housing starts are expected to continue at an accelerated rate as the region attempts to fix a housing shortage.   Evidence of how severe the shortage of available housing is in the Reno - Sparks region was evident in the November 2020 Market Report from the Reno/Sparks Association of REALTORS who reported that the Month’s Supply of Housing Inventory for the region was at 2 weeks.  A balanced healthy market is defined at between 5- and 7-months’ supply of inventory.

LISTING DETAILS:
Total Sales: $11,600,000
Cash Flow: $1,626,000
EBITDA: $1,626,000
FFE: $350,000
Inventory: $780,000
Reason For Sale:

Owners concentrating on other business ventures.

OPERATION:
Year Established: 2014
Employees: Currently, @ 75 (Field: 50)
LOCATION:
Square Footage: 23,500
SUMMARY:
Competition:

Excellent growth

For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER

Vasilis Georgiou

Phone: 949-753-2825
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