High-End Residential Construction-Northern NJ

Contact Seller
Construction and Renovation Business Experiencing Impressive Growth
Asking Price:
$585,000

Gross Revenue:
$1,698,926
Cash Flow:
$401,605
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$44,500
included in asking price

Share this business:

Business Description

This business is a full service general contracting and construction management firm specializing in high-end home renovations, as well as in the construction of luxury custom-built homes. They have an excellent reputation in the industry for adhering to the highest levels of integrity, for being reliable, and for providing their clients with work of the highest quality.

The company has been in business for 33 years. As such, they have developed a large base of repeat clients. These clients return when they want to upgrade their current homes through renovation or expansion, or when they are in the market for a new custom-built luxury home. The business also regularly receives referrals from these clients.

This business brings to the table a well established going concern value, well established operating systems, a proven track record and a proud history of satisfied clients.

The buyer of this business will inherit valuable Work-In-Progress assets. At any particular time there is usually $500,000 to $1,000,000 in Work-In-Progress jobs on the books. As of December 31, 2018 the value of these jobs was $706,212. (NOTE: Based on a margin of 18%, the projected profit of this work would be about $127,118)

Most importantly, the business experienced impressive growth in 2018, and is projected to continue on this growth path in 2019.

About the Business

Year Established:
1985
Number of Employees:
2
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,000
Rent:
$800.00 Per Month
Facilities:
Consists of an Office and a 1,000 sq. ft. Warehouse. The monthly rent is $800.00.
Market Outlook/
Competition:
Competition is not a major factor.
Growth & Expansion:
The business has solid operational procedures in place, enabling it to handle significant growth. The buyer of this business will be able to capitalize on the significant growth opportunities that are available in the current geographic market served by this company, as well as in neighboring geographic markets that haven't been previously pursued.

In short, the demand in northern New Jersey for upscale renovations and for new high-end residential construction is greater than the ability of the marketplace to satisfy it.
Contact the Seller

About the Sale

Reason For Selling:
Retirement - Moving out of state
Training/Support:
The Seller will be willing to stay on for a reasonable period of time to train the new owner in the operation of the business, and to introduce, and help the owner establish relationships with, all the key business associates (suppliers, architects, etc.).

Listing Info

ID:
1530762
Ad Detail Views:
486

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Tony Torella

Excelsior Business Group LLC

 Show Phone Number

View My Active Listings
Memberships:

   
U.S. Census Data for New Jersey
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for New Jersey
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue 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 & Conditions.