No photo available
1) Stable business, for 50+ years with highly visible national customer base
2) Non-union shop with key management in place - strong subcontractor relationships
3) Motivated owner helping in the transition, incl. potential mid-term consulting agreement
4) SBA Acquisition financing approved
This well-known General Contractor & Management Firm provides ongoing construction services to a strong national customer base of highly visible commercial and retail organizations. The Company has had a long history of consistent revenue and enjoys significant operating margins with documented profitability. The business currently operates from a 1,200 sq. ft. leased office space with focus on the NY/NJ Metro region.
The Company enjoys a competitive advantage by employing a strong subcontractor team and providing its unique client base with expert knowledge, exceptional customer service efficient project management and fair pricing. It is projected that a new owner will obtain additional growth by expanding the direct sales efforts (into additional commercial, high technology and industrial) with a minimal marketing and personnel investment of $50k to $100k per year. The company projects a revenue growth rate under such premise of 20% to 30% annually.
The Company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 1.6x SDCF (2020). A full valuation report is included and there is $300,000 in Net Working Capital plus another $30,000 in Fixed Assets included in the deal. The business is pre- qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator should obtain over $450,000 benefit in after-acquisition-debt cash flow in Year #1.
A comfortable transition period will be provided by the owner who truly wants to see the business continue to flourish. Seller will consider a mid-term consulting agreement thereafter. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
(ALL DATA BASED ON SIGNED TAX RETURNS)
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.