Other Building & Construction
Active
Fire Door Life Safety Services and Specialty Contracting
Middlesex County, Massachusetts, United States
Asking Price$800,000
Revenue$1,240,000
EBITDA$272,000
Cash Flow$382,000
Description
This Boston-based company provides life safety fire door inspection, repair and replacement services to one of Boston’s premier hospitals and healthcare providers. Currently life safety work is over 50% of total revenue. The owner is working to expand fire door services into several additional Boston healthcare institutions.
The regulatory driven annual fire door inspections require documenting defects and repairing or replacing failed units as part of the yearly certification process. No state licensure is required, instead inspectors must take a 3-day training course.
In addition, the business works with facilities management departments, providing small to medium-sized mission critical specialty contracting and remodeling services on a non-competitive price basis. 25% of EBITDA comes from 50% markup on products, materials, and supplies used in project work and sold directly to in-house facilities shops and maintenance departments.
Subcontractors execute the majority of the work while the owner focuses on business development, client maintenance, project management, and administration.
-Expandable Regulatory driven life safety business
-50% of the growing revenue is fire door inspection, service and replacement
-25% of EBITDA generated by 50% owner markup on materials and products supply
-Facilities management department connections throughout the Boston
-Hospital/healthcare system
-$600K and $950K respectively, in new revenue pipeline for 2026 and 2027
-High barrier of entry to competition
-Non-competitive bid project award
-Sticky client base
-Loyal pool of proven subcontractors and suppliers
Inventory
$44kIncluded in Asking Price
Business is
Relocatable
Number of EmployeesFull-Time: 1Part-Time: 2
Year Established
2010
Reason Selling
Retirement
Facilities & Assets
Business runs out of owners home with 150 sq ft home office, a cabinetry shop in his basement and rents two off-site storage units. 100 sq ft secured locker for on-site tool and material storage. Company also uses hospital space for staging projects.
Support & Training
Owner will train during a negotiated transition period.
Financing Options
Seller financing is available.Some owner financing available to a well qualified buyer.
Asking Price$800,000
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.