-
$2,490,000
Offered at
-
$4,692,858
Revenue
-
$753,766
Discretionary Earnings
-
$320,027
Down Payment
-
Yes
SBA Financing
Unique specialty commercial construction contractor with $4.69 million sales, $753,766 DE, Offered at $2,490,000 plus A/R, is available for acquisition with SBA financing and just 10% down, $320,027.
Established for over 60 years, the company has a long-standing record of quality work, on-time project completion, and competitive pricing. It has over 200 general contractor and developer customers and no customers above 10% of sales.
The company offers services in commercial & industrial new construction and TI projects ranging from small-scale to multi-million dollar projects across a wide range of industries.
Summary:
- Offered at $2,490,000 plus A/R
- $4.69 million sales FY 2023, ending August 2024
- $753,766 Discretionary Earnings, FY 2023 ending August 2024
- $603,766 EBITDA, FY 2023 ending August 2024
- $320,027 Down w/SBA Financing
- 22 employees
- 9 Trucks
- 2 forklifts
Industries Served:
- Commercial & Industrial
- Oil & Gas refineries
- Food Manufacturing
- Residential & multiunit
- Retail
Staff:
- 5 foremen/estimators
- 3 foremen
- 1 estimator
- 6 journeymen
- 5 apprentices
- Office Manager + Office Admin Asst
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 it. While the buyer does not necessarily have to be trained in this particular 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 buyer’s RMO (Responsible Managing Officer) for up to 12 months (maximum allowed by SBA). The buyer will have to obtain their contractor license within 12 months.
Financial Summary
Summary | FY 2021 | FY 2022 | FY 2023 |
Revenue | $4,649,441 | $4,458,261 | $4,692,858 |
Cost of Goods Sold | $3,111,548 | $2,869,716 | $3,021,364 |
Gross Margin | $1,537,893 | $1,588,545 | $1,671,494 |
Operating Expenses | $1,633,126 | $1,559,836 | $1,827,232 |
Net Profit | -$95,233 | $28,709 | -$155,738 |
EBITDA | $825,521 | $474,931 | $603,766 |
Owners Benefits | $1,070,754 | $596,222 | $909,504 |
Discretionary Earnings | $975,521 | $624,931 | $753,766 |