“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 S. CA

San Diego County, CA

Price: N/A

Cash Flow: $635,000

Total Sales: $16,081,000

EBITDA: N/A

FFE: $262,000

Inventory: $300,000

Year Established: 1990

DESCRIPTION:

Well established and respected Company that specializes in all aspects of finished carpentry products and services working primarily with large homebuilders of single-family homes and contractors of multi-family projects.   The Company delivers projects in all aspects of finishing required for single family and multi-family residential dwellings such as interior and exterior doors, door frames, base boards, crown molding, hardware, 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 finished carpentry services to its core client base, including: windows, overhead garage doors, and storefront windows & doors.

Even though projects and revenues have been delayed in 2020 and 2021 YTD due to Covid, the Company expects a rebound at the end of 2021 and into 2022 based on revenue already under contract with large home builders of single family and multi-family residences.   Pre-Covid Revenues were at 23.9MM in 2019 and 19.8MM in 2018, reflecting strong penetration into key accounts that will continue to drive future growth.

The services provided by the Company are in high demand by many of the largest homebuilders and multi-family developers active in the greater Southern CA area, which is one of the fastest growing economic regions in the Western U.S.

According to the FirstTuesdayJournal, after 18 months of decline, single family residential (SFR) starts turned positive at 31% above one year earlier in the six-month phase ending June 2021. During those same six months, multi-family construction starts also reversed course, up 26% from a year earlier. 

The Business operates out of a 25,295 SF Building (owned by the Sellers that is also available for sale), utilizing a subsection of the building that includes a 9,972 SF warehouse and 3,491 SF office space. The Business has 62 employees, of which more than 26 are in the field and also has a well experienced and established management team led by the General Manager, who had held the position for more than 3 years.

The Company is highly differentiated as follows:

• Projected growth and profitability based on established contracts.
• Managed by an experienced General Manager and management team with well-defined roles and job responsibilities. The current Owners have a lesser 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 lucrative Southern CA area, where according to IBISWorld, the Residential Building Construction industry in California has experienced an upward trend with Industry revenue increased at an annualized 7.0% to $64.2 billion over the five years to 2020, 4.3% in 2020 alone. Industry profit has rapidly grown in line with revenue growth.

Also, according to IBISWorld, the Carpenters industry depends heavily on demand from building construction activity; thus, industry performance is largely tied to cyclical fluctuations in downstream residential and nonresidential construction markets.

The industry is particularly dependent on the strength of the US housing market, with 71.2% total industry revenue generated from work on new and existing homes and apartment buildings. Work performed by this industry includes the erection of framework, roof trusses, formwork, external cladding in timber and vinyl siding and internal fit out, such as flooring, cabinet joinery, internal walls and doors. The expansion of the US housing market at the onset of the five years to 2021 led to rapid industry growth, but this growth has recently slowed. Furthermore, the COVID-19 (coronavirus) pandemic has negatively affected the nonresidential market, which experienced a decline in 2020. However, industry revenue has increased at an annualized rate of 3.8% to $41.7 billion over the five years to 2021, including an increase of 9.4% in 2021 alone, amid high economic uncertainty due to the pandemic.

LISTING DETAILS:
Total Sales: $16,081,000
Cash Flow: $635,000
EBITDA: N/A
FFE: $262,000
Inventory: $300,000
Reason For Sale:

Retirement

OPERATION:
Year Established: 1990
Employees: Currently, 62 (Field: 26)
LOCATION:
Square Footage: 25,295
SUMMARY:
Potential Growth:

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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