Listing ID: 77548
For over 35 years this company has built a reputation as the best in the business in their field of construction.
General contractors and contractors in other fields that are not able to finish their job due to lack of resource or expertise regularly call on this company to bring in the right skill, knowledge, experience and equipment to complete the job.
This description is vague until a non-disclosure is signed because they have a strong hold on their niche and there are few competitors that can compete.
Business has continued to be strong even through the pandemic.
C42 and C21
- Asking Price: $1,150,000
- Cash Flow: $588,404
- Gross Revenue: $2,295,610
- EBITDA: N/A
- FF&E: $188,004
- Inventory: N/A
- Inventory Included: N/A
- Established: 1983
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:14
- Furniture, Fixtures and Equipment:N/A
Home office and a lot for equipment that rents for $4,000 and can be sold.
Our biggest growth opportunities lie in the continued healthy real estate, housing (construction), and cannabis industry - all of which we are well established in.
The venture was established in 1983, making the business 39 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. Nevertheless, the real reason vs the one they tell you may be 2 completely different things. As an example, they might state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in profits, or an array of other reasons. This is why it is extremely important that you not count absolutely on a vendor's word, but rather, use the vendor's response along with your general due diligence. This will repaint an extra reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses finance loans in order to cover things like supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can mean that profit margins are too thin. Lots of organisations fall into a revolving door of taking on debt 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 equipment or the structure where the business resides. The business may have existing agreements with suppliers that need to be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in brand-new customers? Most times, businesses have repeat clients, which develop the core of their everyday earnings. Certain factors such as brand-new competition growing up around the location, roadway building, and also personnel turnover can influence repeat customers and negatively influence future revenues. One vital thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business regularly, the higher the chance to construct a returning client base. A final idea is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? Just how might the local average house earnings effect future earnings prospects?