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
Primary Business Category: Commercial and Institutional Building Construction

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

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Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.