Listing ID: 81579
Serving the greater Chicagoland since 2000, this reputable, turnkey construction firm specializes in remodeling, renovation, new construction, concrete, carpentry, metal framing, drywall, doors and has experience in projects large and small as well as commercial, government and residential.
Key investment highlights:
* Growing revenues;
* Growing cash flow;
* Excellent safety record;
* Skilled and trained technicians in all phases of construction and project development;
* Locally involved in many community organizations.
Owners willing to stay on for a period of time to ensure a smooth transition and willing to offer seller financing to qualified buyers – call for more details!
This construction company has an outstanding safety record and executed countless successful projects over the years.
The company was formed in 2000 and has been a regional community staple since that time.
According to IBISWorld, several factors, including improved economic recovery, improved export activity, cost of financing and technology advances will influence the Industrial Building Construction Industry in Illinois performance over the next five years. Though the Federal Reserve is expected to continue to gradually tighten monetary policy, interest rates are expected to remain relatively low, encouraging investments in new industrial structures.
The wave of natural disasters has aided in stimulating demand for new single housing construction. Residential construction is expected to be bolstered by continued demand
In response to rising demand for construction services, increased marketing, expanding facilities/equipment and bringing on new skilled laborers are upside potentials for the new business owner(s).
- Asking Price: $199,900
- Cash Flow: $113,659
- Gross Revenue: $1,019,277
- EBITDA: N/A
- FF&E: $62,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
The business was established in 2000, making the business 22 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. Nevertheless, the true reason and the one they say to you may be 2 totally different things. For instance, they may state "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competitors, recent reduction in revenues, or an array of various other reasons. This is why it is extremely crucial that you not count entirely on a seller's word, but instead, use the vendor's response in conjunction with your total 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 businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses borrow money so as to cover items such as supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that revenue margins are too thin. Numerous businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that must be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new customers? Often times, businesses have repeat consumers, which develop the core of their everyday earnings. Specific elements such as brand-new competition sprouting up around the location, road construction, as well as personnel turn over can impact repeat clients and adversely influence future incomes. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning client base. A final idea is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Just how might the local typical family income impact future income prospects?