Primary Category:Heavy Construction Businesses for Sale
This is an established business that has been in existence for many years. The founder's notable work ethic established him among the ranks in the construction industry and he swiftly grew from small construction projects to among the largest and highest credentialed in the area. Today his company employs roughly 70 individuals who are highly qualified to manage operations.
Work is acquired either from repeat clients in the residential, commercial, and government sectors, from a bid process, or from individuals who have either visited the web site or have heard of the company by word of mouth.
The backbone of the company takes root in the Seller's goal to serve the construction industry to the highest standards. Over the years the founder has worked along side crews to maintain excellence in all work performed.
Critical to the business are the key employees. And over the last year he has allowed key employees to take the reigns. With confidence and exceptional knowledge they easily manage operations. Today this owner oversees bids, and remains available for consultation with his staff.
A fleet of roughly 150 pieces of equipment including heavy machinery, semi-trailers, service trucks. various trailers, and small essential equipment are used at any given job site. Multiple jobs are always in various stages and typically extend to 18 months on the books. The equipment is outfitted with the latest industry software and upgrades to ensure all jobs are performed with efficiency and accuracy. The equipment is always kept in like new condition. It is either maintained by the distributor or an on-staff mechanic. An equipment list, current appraisal, and a complete deck of photos is available.
This company is competitive and poised for additional growth. The Seller has been pursuing an additional business model ancillary but essential to the main focus of the business. He has extensive knowledge in this arena to extend to a new owner.
The Seller is interested in a 100% sale of the business but would consider retaining an interest in the business under the right circumstances. He would remain in a part time consulting role for expansion of services into other geographical areas, and to continue his current focus to purchase those ancillary businesses essential to the main construction business.
Financial Information
$22,000,000
Asking Price
$4,300,000
Cash Flow
$20,000,000
Gross Revenue
N/A
Down Payment
Yes
Financing
Business Location
City:
Confidential
State:Colorado
Financing Comments
Partial Seller financing on a case by case basis
Reason for Sale
Seller would like additional time to spend with his growing children.
Detailed information
Year Established:2012
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 70
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
$4,150,000
Inventory Included: No
Inventory Value:
N/A
Monthly Rent:
N/A
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$2,000,000
FF&E Included?: No
Training/Support
Seller will stay for an extended transition in a consulting role.
Facilities
A 10,000 Sq. Ft. fully remodeled office building, along with a 3,500 Sq. Ft. shop are situated on a fully fenced 9.7 acre lot. Two additional building are leased.
Typically, semi-trucks, and trailers are stationed on the property. All other equipment normally remains on location.
A real estate appraisal is due to be completed.
The owner is interested in selling the property but will consider a lease with an option to purchase.
Market Outlook/Competition
By nature construction has competition. While larger companies exist, this company has strategically grown, and competes with larger companies to acquire bids for large construction projects. State of the art equipment, integrity, and highly skilled staff are key to competition.
Real Estate Description
A 10,000 Sq. Ft. fully remodeled office building, along with a 3,500 Sq. Ft. shop are situated on a fully fenced 9.7 acre lot. Two additional building are leased.
Typically, semi-trucks, and trailers are stationed on the property. All other equipment normally remains on location.
A real estate appraisal is due to be completed.
The owner is interested in selling the property but will consider a lease with an option to purchase.
Save