Over 33 Years Of Constructing


Listing ID: 70093808

Listing Title: Over 33 Years Of Constructing

Quick Link: http://www.globalbx.com/listing.asp?bId=93808

Industry: Business Services

Industry Segment: Construction

Country: United States

State / Province:



Asking Price Range: $1.0M - $2.5M

Gross Revenues: $10,956,218

Cash Flow: $554,002

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1974

Number of Employees: 20 - 34

Business Description:
While there is much room for further growth, the current owner has reached a level of business that he is comfortable with and is now ready to retire and enjoy his success. This firm has been located in the mid-Atlantic area for its entire history. While he began specializing as a custom homes builder, the owner quickly moved his core emphasis into the commercial market place performing construction of new buildings, as well as renovation and remodeling of existing buildings, tenant improvements and site improvements. Samples of some of the over 500 projects the company has completed are office and professional buildings, shopping centers, technology parks, banks, churches and fire departments. Many of these projects were done at the behest of and in coordination with State and County Governments, General Services Administrations, Highway Administrations and Transportation Commissions. The internal workings of the company are controlled by a hands-on, hands-off President, a team of estimators, project managers who over see the superintendents, a controller with an assistant and an outside 3rd party CPA who provides year end, reviewed financials. Hands-on in the sense that he knows what is going on and gets involved as needed. Hands-off in the sense that he has built a management team with whom he places certain levels of responsibility and authority. The President knows the value of his company is increased by having a great management team in place rather than a one-man show. Over the past four years, the company has enjoyed an annual revenue that has ranged between $8 and $15 million. As stated earlier, there is much room for growth as there is a wealth of both Federal and Local Government commercial projects which the company to date has not pursued. As either a stand-alone or add-on to an existing construction company, this firm can be the basis for excellent growth and the attendant financial rewards.

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