Prestigious Commercial Construction Business For Sale: $1,700,000
Business Description
This Specialized Construction business has been around for over 30 years and is recognized throughout the Gulf South as the industry leader and specialist in the niche where it operates. The company has developed and maintained an incredibly large network of loyal customers, including municipal, commercial, residential and general contracting organizations, and is licensed and operates in 7 states.
The business has been around for nearly 40 years consistently making between 3.5 to 6 million per year with great profit margins of 24% to 40 % each year. This is a pretty simple business to run as it has systems in place for each operation, highly skilled staff that handles all operations, and a large network of subs available for large jobs. This is a turnkey business with no special licensing needed to run the business, other than a general contractor’s license. All other licenses are owned by the business.
The sellers are nearly 70 years old and are ready to retire and pass the torch to someone younger. They are selling 65% of the business for $1,700,000.
The business has been around for nearly 40 years consistently making between 3.5 to 6 million per year with great profit margins of 24% to 40 % each year. This is a pretty simple business to run as it has systems in place for each operation, highly skilled staff that handles all operations, and a large network of subs available for large jobs. This is a turnkey business with no special licensing needed to run the business, other than a general contractor’s license. All other licenses are owned by the business.
The sellers are nearly 70 years old and are ready to retire and pass the torch to someone younger. They are selling 65% of the business for $1,700,000.
About the Business
- Facilities & Assets
- The business has been around for over 30 years, and it owns and employs a significant amount of assets. There are currently $944,168 worth of assets that are still on a depreciation schedule, plus an entire large warehouse full of tools and equipment (including vehicles and boats ) that have been fully depreciated but are fully functional and used in daily operations of the business. They are all included in the sale.
The real estate where the business operates are also for sale for an additional 2 Million dollars. - Market Outlook / Competition
- There is no other business in the South USA that offers the combinations and amount of services in that niche like this business does, giving it access to commercial projects that no one else in the niche can do.. This is the top business in the niche in the entire South USA.
- Opportunities for Growth
- Several Opportunities for growth. Available per request.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
About the Sale
- Seller Motivation
- Retirement. Owner are 70 years old.
- Transition Support
- This company is operated mainly by key employees with a high level of experience and tenure. The owners will provide complimentary training for 30 days on site and will be available to stay as consultants for the business for as long as needed.
Listing Info
- ID
- 2428460
- Listing Views
Listing ID: 2428460 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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