Listing ID: 72475
The business has been executing government contracts for several decades and has built a successful reputation.
They have worked with Dept. of Defense, Dept. of Homeland Security, Dept. of Interior, US Dept. of Agriculture, and many many more.
They specialize prominently on high quality constructing of offshore marine structures and onshore pier and bulkheads, heavy civil infrastructure, roads and bridges.
They have been awarded multiple medallions from the government for outstanding project management and quality.
They’re located in a designated HUB zone, which allows for major exclusive bid opportunities.
[All essential operations, especially during the pandemic].
[[The company is also in the talks for a huge long-term contract with the Pentagon.]]
The company was established in 1994 with the goal of developing critical civil and military infrastructure.
The strategy has focused on building necessary long term relationships to succeed in this industry.
Now, profitable with a huge and growing demand for the Company’s validated methodology, it is time to expand rapidly to meet the demand.
- Asking Price: $4,500,000
- Cash Flow: $952,000
- Gross Revenue: $3,525,000
- EBITDA: N/A
- FF&E: $154,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 1994
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,872
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Type of Location:Stand Alone Facilities: The warehouse is a comfortably spaced all brick building with two big metallic overhead bay doors. includes office space and warehouse In front of the red building lies an extensive parking space surrounded by nature.
Complete training & Support, Owner will consider staying on depending on negotiations
The company was started in 1994, making the business 28 years old.
The business has 10 employees and is situated in a building with disclosed square footage of 3,872 sq ft.
The real estate is leased by the company for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell businesses. However, the genuine factor vs the one they say to you might be 2 completely different things. As an example, they might claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competition, current decrease in incomes, or a range of various other reasons. This is why it is extremely vital that you not count totally on a vendor's word, but instead, make use of the seller's answer combined with your total due diligence. This will repaint an extra practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover items such as stock, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that earnings margins are too thin. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that need to be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new clients? Most times, businesses have repeat customers, which develop the core of their daily profits. Specific elements such as brand-new competitors sprouting up around the area, road building and construction, and also employee turnover can impact repeat customers and also adversely affect future revenues. One vital point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the better the chance to construct a returning customer base. A last idea is the general location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the regional typical family income influence future revenue potential?