High-End Residential Construction-Northern NJ
Construction and Renovation Business Experiencing Impressive Growth
(Seller's Discretionary Earnings)
included in asking price
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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. And it is currently experiencing impressive growth in 2019.
The company has been in business for 34 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 an even more impressive growth path in 2019. (NOTE: Based on the P&L of May 31, 2019 it appears that this business is on track to hit over $3,000,000 in revenue in 2019).
About the Business
Contact the Seller
- New Jersey
- Year Established:
- Number of Employees:
- Real Estate:
- Building Sq. Ft.:
- $800.00 Per Month
Consists of an Office and a 1,000 sq. ft. Warehouse. The monthly rent is $800.00.
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.
About the Sale
- Reason For Selling:
Retirement - Moving out of state
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.).
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