Commercial & Residential Construction Business

Not Disclosed, NJ
Morris County

Northern New Jersey


Asking Price: Annual Revenue:
$710,000 $2,567,771

Services: Construction, Contractors


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RE: Commercial & Residential Construction Business Broker: Tony TOrella
Owner Financing is Available!

Quick Facts

Asking Price: $710,000
Annual Revenue: $2,567,771
Net Profit: Not Disclosed
Cash Flow: $327,511
Total Debt: Not Disclosed
FF&E: $58,350
Real Estate: Not Disclosed
Year Established: 1990
Employees: 6
BBN Listing #: 663943099
Broker Reference #: BBN-194320031

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Business Overview:

This business is a well-established commercial and residential general contracting company. They provide design, contracting and construction services primarily for apartment building construction, commercial retail projects, home additions and home remodeling projects. In addition, they provide ongoing apartment building maintenance services.

The business, which has been in continuous operation since 1990, is highly respected in its industry and is recognized for its expertise in all phases of a construction project. And it is well known for the excellent customer service it provides, as witnessed by the glowing reviews it consistently receives.

Because the company has a solid reputation as a reliable business partner it is a preferred contractor on the "Bid List" of several highly respected architects.

The buyer of this business wil inherit valuable Work-In-Progress and Work Backlog assets. At any particular time there is usually somewhere between $750,000 and $1,000,000 of Work-In-Progress and Work Backlog jobs on the books. As of January 31, 2020 the amount of this work on the books was $963,756. (NOTE: Based on a margin of 18% the projected profit for this work would be about $173,476)

Most importantly, this business brings to the table a proven track record of success. Its year to year cash flow is strong and the owner enjoys a good, consistent, profit margin.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The office is about 280 square feet, and is located in a commercial office building. The lease, which expires September 23, 2022, offers a 5 year option.

Market Competition and Expansion:

Competition is not a major concern because the company has a solid reputation in the industry. Consequently, it can count on the review that have been posted online, as well as the word of mouth referrals from previous clients, for new business opportunities.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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