Listing ID: 78528
Architect-led design-build home remodeling and construction contractor in Washington DC metro area. Focused on residential additions and remodels in high-end neighborhoods of DC, Maryland and Virginia.
Excellent longstanding reputation in the market and a track record of dozens of successfully completed projects for future owner to build on.
With highly experienced expert architects, construction managers, carpenters and other craftsmen, all the pieces are here to win and complete the most demanding jobs in places like Georgetown, Bethesda and Arlington.
Well positioned for projects in the $200,000 to $700,000 range. Could be ideal for solo architect or design firm looking to bring construction team in-house, or for a home contractor looking to expand and bring a design team on board.
Seller willing to assist for an extended transition period subject to negotiating a mutually satisfactory post-closing employment or consulting contract.
- Asking Price: $600,000
- Cash Flow: $401,232
- Gross Revenue: $2,745,883
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- 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
The company was started in 2004, making the business 18 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell businesses. Nonetheless, the real reason vs the one they tell you may be 2 totally different things. For instance, they may state "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competition, recent decrease in revenues, or a range of other reasons. This is why it is really vital that you not rely completely on a seller's word, however rather, use the vendor's answer combined with your total due diligence. This will paint an extra sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money so as to cover things such as stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that earnings margins are too tight. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that have to be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in brand-new clients? Often times, businesses have repeat clients, which develop the core of their day-to-day profits. Certain factors such as brand-new competition growing up around the area, roadway building and construction, and employee turnover can impact repeat consumers and also adversely impact future earnings. One important thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the higher the opportunity to construct a returning customer base. A last thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Just how might the regional average family earnings impact future earnings potential?