Listing ID: 72481
COMPANY FOCUSES ON COMMERCIAL, MULTI-FAMILY RESIDENTIAL, MID-RISE AND HIGH RISE, HIGH END CONDO, RENTAL AND INSTITUTIONAL CONSTRUCTION PROJECTS.
This General Contracting firm has been based in midtown Manhattan for over 25 years.
The company specializes in all aspects of commercial, institutional, religious and residential construction as well as project management.
The company has earned the reputation of providing the highest quality construction services on time and within budget
The company has been instrumental in constructing many of New York’s largest and most aesthetically impressive property developments.
The keys to this companies long history of success and continued growth are…
Strong experienced leadership and project & construction management teams and Uncompromising stand with regard to quality & excellence
It’s long lasting relationships with its clients, subcontractors, architects, consultants and engineers.
The companies focus on getting involved early in the design phase of its projects.
This allows the company to more efficiently provide effective building solutions and identify challenges early on to mitigate expensive design changes and delays after construction begins.
Ability to perform all aspects of commercial, multi-family residential, mid-rise and high- rise, high end condo, rental and institutional construction projects.
Communication with clients throughout the entire construction life cycle from pre- construction planning and detailed cost projections to designing and executing effective timelines.
Complete and expert oversight of each and every project phase
The companies vast construction experience and unmatched knowledge of the “ins and outs” of the building trade.
As a result of consistently exceeding expectations this General Contractor has developed a wide network of relationships and licenses, enabling it to successfully deliver projects within one of the country’s most high-visibility markets.
Successfully in business since 2004 and growing.
This company maintains an historically large backlog ensuring work for many years into the future.
*Current Backlog $748,557,327
**Projected Net Income from Current Backlog $16,540,545
***Company is signing new projects continuously adding to these numbers
- Asking Price: $25,000,000
- Cash Flow: $4,471,018
- Gross Revenue: $94,263,711
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:50
- Furniture, Fixtures and Equipment:N/A
Option:Y Lease Security:32320 Monthly Rent:$ 11,200 Square Footage:2500 Type of Location:Office Building Facilities: MAIN OFFICE LOCATED IN A. MAJOR OFFICE BUILDING IN MANHATTAN
Complete support & training will be provided. Owner would consider an extended transition or staying on in the right situation.
RETIREMENT- OWNER WILL DISCUSS POSSIBILITY TO STAY ON FOR A WHILE.
Rare and Inconsequential
The venture was founded in 2005, making the business 17 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. However, the true factor vs the one they say to you may be 2 completely different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be justifications to try to conceal the reality of altering demographics, increased competitors, current decrease in profits, or an array of other factors. This is why it is very vital that you not depend entirely on a seller's word, but instead, utilize the vendor's solution combined with your overall due diligence. This will paint a much more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover items such as stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that earnings margins are too small. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract new customers? Often times, businesses have repeat clients, which form the core of their daily revenues. Specific factors such as brand-new competition growing up around the location, roadway building, and staff turnover can affect repeat customers as well as adversely affect future revenues. One vital thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the greater the possibility to develop a returning consumer base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood typical family income impact future income prospects?