Midwest General Contractor
Financial Information
- Asking Price: $1,400,000
- Gross Revenue: $6,196,880
- Cash Flow: $690,951
- Down Payment: NEGOTIABLE
- FF&E (Included): $200,000
- Inventory: N/A
- Financing: No
Business Location
- Confidential
- Ohio
This 45-year-old Midwest general contractor enjoys consistent revenue and profits based on half a dozen projects annually primarily in a small geographic area within a healthy region. The company is focused on a single industry: the construction of industrial and commercial buildings. The company's founder is looking to retire and transfer the business' employees and heritage to a new owner who can continue operating this stable business, or grow it significantly building on a strong employee, customer and reputational base.
Competition Description
The firm's easy-to-work-with attitude and attention to customer service makes them stand apart from their competitors. The firm's five employees have 135 years of combined experience. The firm has phenomenal relationships with a dozen subcontractors.
Growth / Expansion overview
Nearly $12 million in new contracts were signed in 2019, with $9 million in expected revenue for 2020. Further growth will require staff expansion, and at least one key employee likely will retire in two to three years.
Support / Training Comments
Until recently, the owner had been able to cut down his work week to one day per week.
Financing Comments
Financing available, only if necessary and with a short term.
Reason For Sale
Retirement- Home Based: No
- Year Established: 1975
- Franchise: No
- Willing to Train: Yes
- Relocatable: No
- Required Licences:
- Is Property Leased: Yes
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: $1,850,000
- Real Estate Asking: N/A
- Fulltime Employees: 5
- Part time Employees: N/A
- Is Management Staying: Yes
- Distressed: No
- Monthly Payroll: $21,084
- Building Size: 31,200 sq ft
- Monthly Rent: $3,030
- Lease Expires: 04/01/2021
