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Sep 30, 2019 — Seller is an accomplished Field Supervisor professional – and he will stay on for a 1 to 2-year transition period. Buyers with a Construction background are preferred but strong Business Management expertise is essential.
This Contractor has sales of about $1.5m per year and a Seller’s Discretionary Earnings of $400,000. Over the past 16 years this business has developed a solid commercial customer base with large General Contractors, Building Management companies as well as Real Estate Developers. This core customer group represents a high percentage of the sales: generally on projects of 2-3 months. This business has no debt, A+ collections, good margins and generated a sales increase through every year of the recession.
With a solid base this is a recession-proof offering with a vast upside by concentrating on their cast-in-place niche: sidewalk, floor, parking lot and foundation contract work.