Details - Information last confirmed on February 7, 2021
Rare opportunity to purchase a diversified and recession proof construction related company that has both a residential and commercial division. The businesses is well-established and has diversified into both service work as well as new construction but has a specialty in a niche service that has almost no competitors.
80% of company revenue comes from the commercial division – which is primarily utilities service related work for blue chip companies – and they are one of only a few companies in the city able to compete for & complete this work. In addition, the company has exclusive rights to some of the leading-edge technology in their industry.
The business has proven itself to be essentially recession proof and has been stable & profitable each of the past seven years. The business has grown through the 2014 oil induced recession – the two most recent years have been their most profitable to date. Despite Covid, the business posted stellar financial results in 2020 and is well positioned to grow. An aggressive new owner could easily double or triple sales and profitability.
Working capital (cash or near cash) represents 35.4% of the asking price, hence, the buyer is only risking a relatively small amount of capital.
The owners are selling as they are ready to retire. They are committed to helping the new owners smoothly transition the business and with the limited amount of current ownership involvement, the transition is expected be fast and smooth.
Some vendor financing may be available for qualified purchasers.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.