Hot Listing
High-End Concrete And Masonry Contractor: Consistent 20-25% YoY Growth
Business Description
The Company is a well-established construction firm specializing in high-quality concrete and masonry services. With decades of industry experience, the company has built a reputation for delivering complex projects with exceptional craftsmanship.
The company operates a subcontracting-based business model, with an emphasis on providing high-end residential, as well as commercial projects. It handles projects typically valued between $500K and $4M.
Team: The company's team consists of 85 skilled experts, most with an average of 10+ years of field experience.
• Investment Highlights:
o Reputation for Excellence: The company has built a strong reputation over 25 years, with high client satisfaction and a track record of recurring contracts and projects. The company is well regarded among general contractors, further bolstering its reputation as a reliable and trusted partner in the industry.
o Consistent Project Pipeline: A network of loyal, repeat clients and referrals ensures the project pipeline remains consistently full, mitigating cyclicality and unpredictability of demand.
o Backlog: A backlog with a project value of $5m, scheduled for delivery over the next 3 months.
o Demand: Upscale residential construction in the area is expected to remain strong, driven by clients' preference for custom-built homes and the growing number of individuals with higher purchasing power.
o Differentiation: The company delivers expert, high-quality, and on-time project completion with particular attention to safety. This combination has allowed it to consistently win contracts, despite charging a premium over competitors.
• Key financials
Current pipeline and backlog value is $11.7m
Estimate 2024: Revenue $18.5 | EBITDA $5.7m
Full 2023: Revenue $15.0m | EBITDA $3.5m
Full 2022: Revenue $14.5m | EBITDA $2.5m
Transaction:
• The company’s owners are considering selling 100% of the shares.
• The decision to exit is driven by the owner’s planned retirement. However, the owners are open to supporting the transition for up to 12 months, with preferences for a shorter span and consulting role.
** Confidential Information will be shared with qualified buyers only. **
The company operates a subcontracting-based business model, with an emphasis on providing high-end residential, as well as commercial projects. It handles projects typically valued between $500K and $4M.
Team: The company's team consists of 85 skilled experts, most with an average of 10+ years of field experience.
• Investment Highlights:
o Reputation for Excellence: The company has built a strong reputation over 25 years, with high client satisfaction and a track record of recurring contracts and projects. The company is well regarded among general contractors, further bolstering its reputation as a reliable and trusted partner in the industry.
o Consistent Project Pipeline: A network of loyal, repeat clients and referrals ensures the project pipeline remains consistently full, mitigating cyclicality and unpredictability of demand.
o Backlog: A backlog with a project value of $5m, scheduled for delivery over the next 3 months.
o Demand: Upscale residential construction in the area is expected to remain strong, driven by clients' preference for custom-built homes and the growing number of individuals with higher purchasing power.
o Differentiation: The company delivers expert, high-quality, and on-time project completion with particular attention to safety. This combination has allowed it to consistently win contracts, despite charging a premium over competitors.
• Key financials
Current pipeline and backlog value is $11.7m
Estimate 2024: Revenue $18.5 | EBITDA $5.7m
Full 2023: Revenue $15.0m | EBITDA $3.5m
Full 2022: Revenue $14.5m | EBITDA $2.5m
Transaction:
• The company’s owners are considering selling 100% of the shares.
• The decision to exit is driven by the owner’s planned retirement. However, the owners are open to supporting the transition for up to 12 months, with preferences for a shorter span and consulting role.
** Confidential Information will be shared with qualified buyers only. **
About the Business
Listing Info
- ID
- 2305450
- Listing Views
- 2617
Listing ID: 2305450 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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