DealStream Logo

Details - Information last confirmed on February 11, 2021

The company is a self performing commercial specialty construction firm. All work is performed in-house (not sub-contracted) by 16 crews (ao January 2021). Revenue is derived from approximately:
* 10% government/municipal
* 10% Institutional
* 40% Commercial to developers
* 40% Residential to developers
* 0% Home Owners
The company is focused on value engineering the entire worksite which provides a competitive advantage. Unlike many construction companies, this company chooses to rent its construction equipment which provides flexibility and transfers maintenance, relocation, storage, and insurance responsibility to rental firm. The expense fluctuates, but is approximately $120,000 per month. Leased wide-format copier/scanner/fax and A-E size color plotter/scanner will be transferred to buyer and are not included in FF&E. The company averages $1,500,000-$2,000,000 of open WIP, $2,500,000-$3,000,000 of awarded contracts not yet begun and $2,500,000-$3,000,000 in outstanding pending bid proposals. The approximate required working capital is $400,000. Bonding projects represent approximately 2% of gross revenue. EBITDA is estimated assuming two executive salaries of $150,000 each. Price in asking price is for database sorting purposes only. Sellers expectations are based on a multiple of earnings.

The owners have worked in the industry for approximately twenty years. The company has grown consistently since inception. First year revenue was $91,900 with year over year increases annually through 2020 approaching $18,000,000 with 17.8% average annual top line revenue growth.

Learn More About This Listing

Sign up for a free basic membership to start buying and selling. Learn about our membership plans.

By clicking "Join Now - It's Free" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.