Commercial Structural Contractor, $7M sales, $1M DE, Est. 22 years, for sale

A Commercial-Industrial Structural contractor established over 22 years serving Central and Southern California is available for acquisition. With $7,093,132 Revenue, $1,083,045 DE, and an offer price of $2,400,000, the company has built a reputation for excellent customer service and timely project completion.

The company’s primary market is commercial industrial, mixed-use, and multifamily construction projects.  The company primarily does private projects and does little prevailing wage government work.

The company has a team of 14 highly skilled and professional employees including a Superintendent, Foremen, tradesmen, Estimators, and Office Manager.

Summary:

• Offered at $2.4 million + A/R
• $7 million sales
• $1 million Discretionary Earnings
• $300,249 Down w/SBA Financing
• 14 employees

Staff:

• 14 employees
• Superintendent
• 3 Foremen
• Office Manager
• 9 tradesmen

Opportunities for Growth:

The company focuses on the greater Ventura, Santa Barbara, and San Luis Obispo County region, thus geographic expansion is a significant opportunity.  New account development is also an opportunity for growth as the company has no marketing campaign or business development staff.

Buyer Skills and Requirements:

The owner is actively running this business and the buyer will have to be willing and capable of learning to run the business.  While the buyer does not necessarily need to have experience in this construction trade, they must be willing and capable of learning the technical aspects of this business.  This is not a passive-owner business.

The owner has a Contractor License and will act as the RMO (Responsible Managing Officer) for the buyer for up to 12 months (maximum allowed by SBA).  The buyer will have to obtain their contractor license.  The Seller will provide training for 4 weeks/40 hours per week and in addition, will provide limited consulting as negotiated after the initial training period.

Reason for Selling:

The owner is retiring after 39 years in the trade and owning the business for 22 years.

Inquiries from principals only