Listing ID: CGLA – 00183
Asking Price:$2,600,000
Gross Revenue:$3,204,166
EBITDA: $769,775
Tools and Equipment: $1,221,355 (included)
Real Estate:$1,500,000 (included)
Inventory:$25,000 (included)
Business Description
Best in the South construction (niche) business for sale for an incredible price
This company has been around and highly successful for over 30 years, and is well known in the entire South USA. This is a pretty simple business to run as it has systems in place for each operation, great staff that can handle all operations in the office and in the field, and a large network of subs available for larger jobs. This is a turnkey business with no special licensing needed to run the business, other than a general contractor’s license. All other licenses are owned by the business.
The company has been consistently profitable for over 30 years, making over 3.5 million in revenue per year in most years. It is set up on great system, and primed for growth. The current owners have built a very strong brand, that is ready to be taken to the next level. The sellers are of retirement age though and are ready to pass the torch to a new owner.
The asking price of $2.6 Millions includes the property where the business operates (valuated at $1.5 Millions) and tools and equipment valuated at $1.2 million dollars, making this an incredible deal. Sellers ready to retire.
Detailed Information
- Inventory:
- Included in asking price $25,000
- Real Estate: 1.5M
- Owned
- Included in asking price
- Building SF:
- 11,745
- Employees:
- 35
- Furniture, Fixtures, & Equipment (FF&E): 1.2M
- Included in asking price
- Facilities:
- Company owns the property where it operates, and the facilities are included in the sale: one large office building, 2 warehouses and 3 acres of land. Built intentionally for the specific needs of this business. It accommodates all 35 employees, and all the 1.2M worth of equipment the company owns.
- Competition:
- The company is the absolute best in the industry in the South.
- Growth & Expansion:
- The company has a business model that can be easily replicated and expanded in other states. The current owners did organize everything to be able to do that. However they are ready to retire, and let the new owner grow the business. Also, the government is currently working on a bill that promises $1 trillion in infrastructure investment over the next 10 years. That will make this business value skyrocket, and you will be able to grow it as much as you want to grow it.
- Support & Training:
- Current owner will do a 30 day transitional training. He is also available to stay on a consultants basis with the business for at least one year, if that would help the buyer.
- Reason for Selling:
- Retirement
