Primary Category:Other Building & Construction Businesses for Sale
Explore the opportunity to acquire a well-established business in the construction demolition sector. Founded in 2016, this company specializes primarily in residential demolition, focusing on the removal of abandoned and condemned properties within the Greater Cleveland area. While residential projects are the core focus, the company occasionally undertakes commercial work, showcasing its versatility and adaptability. The operations are anchored by core values of safety, reliability, and customer satisfaction, consistently earning the company a strong reputation.
A strategic advantage lies in the business's streamlined operational model, engaging highly experienced subcontractors to ensure high-quality and efficient project completion. The owner's role does not involve any physical labor, maintaining a lean structure while maximizing efficiencies. Additionally, the company holds access to a selective government contracting site, simplifying job acquisition and reducing competition among a limited number of qualified participants.
Financial stability is a hallmark of this enterprise, with a reported revenue of $585,000 in 2023 and a projected $590,000 for 2024. The Seller Discretionary Earnings (SDE) reflects the business's financial health, standing at $166,500 for 2023 with an anticipated rise to $175,000 in 2024. For potential buyers, this represents a lucrative opportunity to enter or expand within the construction demolition market.
With the current owner seeking retirement, the business presents a solid foundation for new ownership to leverage its reputation and explore further growth prospects. This transition offers an exciting venture for those ready to build upon a legacy of excellence in the Greater Cleveland area.
Financial Information
$425,000
Asking Price
$166,000
Cash Flow
$585,000
Gross Revenue
N/A
Down Payment
Business Location
City:
Cuyahoga County
State:Ohio
Reason for Sale
Retirement
Detailed information
Year Established:2014
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:Yes
Full-Time Employees: 2
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: No
Inventory Value:
N/A
Monthly Rent:
N/A
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
FF&E Included?: Yes
FF&E Value: $100,000
Training/Support
Owner willing to provide 20 days of training and can be available for paid consultation going forward.
Facilities
There is also $100,000 worth of equipment available for purchase That can be used for a second crew.