Business Overview

General Contractor specializing in government, design-build, facility services renovation projects, facilities maintenance, and negotiated projects. The Company maintains various contractual relationships with many of its clients. Approximately 40% of revenue relates to retail customers, 40% is under government contracts and the remainder relates to competitive bids and facility management services.

Financial

  • Asking Price: N/A
  • Cash Flow: $2,150,000
  • Gross Revenue: $23,000,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1979

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:26
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

A related party owns the building. The building owners would be willing to sell the property in conjunction with the sale of the business. The building is offered as-is, and a third-party appraisal would determine the value. The owners believe that the building is worth approximately $1,300,000.

Is Support & Training Included:

The Company is fully staffed, and employees are familiar with the work. Many employees have been with the Company for an extended period of time. The current employees are experienced managers, salespeople, and operations professionals. The owner believes that employees would continue to be employed by the organization upon a change in ownership.

Purpose For Selling:

Retirement

Additional Info

The business was established in 1979, making the business 43 years old.

The company has 26 employees and is situated in a building with approx. square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell operating businesses. Nonetheless, the true factor vs the one they tell you may be 2 absolutely different things. For instance, they may claim "I have too many other obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in incomes, or an array of other reasons. This is why it is really important that you not depend absolutely on a vendor's word, yet instead, use the vendor's answer along with your general due diligence. This will paint a much more reasonable image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that revenue margins are too thin. Lots of companies come under 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 think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location bring in brand-new customers? Most times, businesses have repeat clients, which form the core of their daily earnings. Certain aspects such as brand-new competitors sprouting up around the location, road construction, as well as employee turn over can influence repeat consumers as well as negatively influence future incomes. One crucial point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business often, the greater the possibility to develop a returning customer base. A last thought is the general location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the neighborhood typical home earnings effect future earnings potential?