Asking Price: $2,066,000
| Average Revenue | $5,190,000 | Established | 2017 |
|---|---|---|---|
| Average SDE | $691,000 | Employees | 6 |
| Working Capital | $1,300,000 | Location | DFW Metroplex |
Full-service commercial construction general contractor focused on commercial renovation, maintenance and repair projects for municipal and educational clients in the DFW area.
Top Things to Know About the Business:
- Typical projects include new roofing, parking lot repairs, interior renovations, asbestos abatement, fire wall repairs, MEP and life, health and safety upgrades.
- Three existing long term Master Contracts for maintenance of older municipal buildings.
- Successful track record of repeat business.
- Typical projects are smaller in scope and do not require architectural or engineer stamped drawings.
- Typical project completed in less than 30 days.
- Robust Cash Flow Margins: Has average 14.1% cash flow margins over the past 3 years.
- Limited Marketing: 90% - 95% of business comes from referrals and repeat business.
- Training: Seller will train free of charge for 3 months to ensure smooth transition.
- Recession Proof Revenue: Client maintenance and repair projects are not dependent on the national economy, interest rates and do not need bank lending or other outside capital.
- Aging Buildings: As new construction costs increase, municipal and educational clients focus more of their annual budgets on maintenance and repair of existing buildings.
- Long Term Relationships: The company has established long term relationships with very large municipal clients in the DFW area
- Growth Potential: The company only focuses work with existing clients and significant additional
revenue is available through dedicated sales and marketing efforts.
Financing Details:
- With a down payment of $413,000 (20%), third party financing is available to finance the remaining balance over 10 years for a buyer with a requisite background that is qualified by the bank (the owner is willing to carry back 10% of the purchase price if needed). It will require a monthly payment of approximately $19,300. All notes will be personally guaranteed.
Support and Training:
- The Owner genuinely desires an effective business transition with seamless customer service through to the buyer. They will train a buyer for 90 days. An additional consulting contract can be obtained.
Reason for Sale:
- The owner is ready to retire and feels the business has outgrown their capacity to take this business to the next level and are fatigued.
For More Information on this Listing:
Click to Download the Corporate NDA