Business Overview

Great opportunity to own a profitable, reputable, and well-established full service Commercial Construction General Contracting Company in Central Iowa.
This company takes on projects in both the private and public sectors ranging from $25,000 tenant improvements to large multi-million dollar commercial new-build projects.
Due to their “above and beyond” client service this company has shown continued growth year after year and has future work on the books lasting into the Summer of 2022. Serious and qualified buyers only please,

Financial

  • Asking Price: $2,000,000
  • Cash Flow: $660,000
  • Gross Revenue: $7,716,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Owner will assist in a smooth transition.

Purpose For Selling:

Retirement

Additional Info

The venture was founded in 2011, making the business 11 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell businesses. Nevertheless, the true factor and the one they tell you might be 2 totally different things. As an example, they may state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or a range of various other factors. This is why it is really vital that you not depend absolutely on a vendor's word, however instead, utilize the seller's response together with your total due diligence. This will repaint a much more reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses take out loans with the purpose of covering items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that earnings margins are too small. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area draw in new clients? Many times, businesses have repeat customers, which create the core of their everyday revenues. Particular factors such as new competition growing up around the location, road building, and employee turn over can affect repeat clients as well as negatively impact future profits. One important thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the greater the chance to develop a returning customer base. A final idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the regional average household income impact future earnings potential?