Business for Sale Overview:
Our client is a leading prime contractor providing services for a
particular market segment. The company has been in existence for more than 20 years, is well recognized by its peers and very
established with its clients. There is a considerable amount of repeat work with its clients, despite some required - as well as negotiated - bidding. Given the company’s recognition of its customers’ time sensitive projects, it can maintain (and has extended) its competitive advantage, also due to a limited number of qualified vendors. The company employs approximately 50 employees of which 90% are unionized. The company is located in an attractive facility easily accessible by major highways and in close proximity to various airports. After 2007 record revenues of $44 million, the company experienced a
decline in 2008 due to general economic conditions. However, an
average SD Cash Flow of $5.3 million per year has been maintained for the past three years. The company projects an excellent future. The purchase price of $21m includes $1.8m in A/P, which can be offset by $4.4m in current A/R - for a net purchase of $16.6m. The projected yearly After Debt cash flow of $3.2m will not only enable an investor to recoup the initial cash payment of $5.8m in less than two years, but also will provide a superb basis for expansion to the entire East Coast for the strategically focused acquirer. All Data Based on Tax Returns and Financial Statements.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Market Competition and Expansion:
Competition: The company has only a very few competitors due to the highly defined niche market and the very specific performance
requirements. The company projects to extend its competitive advantage in the future.
Growth and Expansion: Excellent growth projections due to a continued flow of projects and a substantial numbers of projects locked up / in the "pipeline".
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.