Ad ID: 1499697
Type: Established business
Category: Construction – Heavy
Included in the Asking Price:
Furniture, Fixtures & Equipment: $50,000
Cash Flow: $301,309
For nearly 20 years this highly regarded construction management firm has specialized in designing and building custom homes, commercial buildings, shopping centers, warehouses, subdivisions, and more. They have an excellent reputation for completing projects on time and within budget. From conception to completion, they provide clients with estimates, permitting, contracting, and every aspect of project management. Seller operates from a home office, so overhead costs are low. He enjoys a solid base of repeat customers and referrals and doesn’t need to advertise. This turnkey business is streamlined and easy to operate with key people in place. A manager of 7 years and several long-term employees are willing to stay. One benefit of owning this business is the relationship the Seller has built with many subcontractors and suppliers in the area, both of which can be in short supply as the region continues to undergo rapid growth. Another benefit is the diversity of projects the firm is able to undertake, including restaurants, retail centers, commercial buildings, custom homes, subdivisions, day cares, and remodels to name a few. With the influx of residents and commercial business to the region, a motivated buyer could easily capitalize on growth opportunities in all these areas and expand the company rapidly. Finally, one of the biggest benefits of taking over this company is that the Buyer can be fast-tracked to obtaining the contractor’s license required to operate it. Getting this license can be a lengthy and challenging process for someone trying to start his or her own construction business.
Year Established: 2001
Facilities (Home Based): Seller works out of his home office and stores Equipment on his property, so he pays no overhead costs for rent. A 1-acre lot size is recommended for Equipment storage and a shop.
Competition: For nearly 20 years, this business has maintained a superior reputation in the industry. It is streamlined and easy to run with key people in place. The company enjoys long-established relationships with loyal repeat customers as well as with vendors and subcontractors.
Growth and Expansion: Northern Nevada is experiencing unprecedented growth and there’s virtually no limit to the extent a motivated Buyer could expand the company (Seller chooses to keep it at its current size and has to turn down business). The firm has a solid repeat client base and a great word-of-mouth reputation. Seller hasn’t advertised in years. If growth is desired, the company could target new residential and commercial industry coming to Northern Nevada. Creating a marketing plan and adding staff would allow the company to take on additional projects.
About the Sale
Financing: All cash or terms acceptable to seller
Support/Training: 4-6 months or negotiable. Seller is committed to Buyer�s success.
Reason Selling: New ventures