Profitable Commercial Contractor-over $435CashFlow

Not Disclosed, CA


Asking Price: Annual Revenue:
$870,000 $8,015,343

Services: Construction, Contractors


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RE: Profitable Commercial Contractor-over $435CashFlow Broker: Alvin Papa

Quick Facts

Asking Price: $870,000
Annual Revenue: $8,015,343
Net Profit: $435,136
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $45,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 5
BBN Listing #: 642162372
Broker Reference #: 130-20507

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Business Overview:

This business has not been affected by COVID-19 as their 2020 revenue was in line with 2017 - 2019's growth.

Commercial General Contracting Business servicing Los Angeles and Orange County that specializes in commercial tenant improvement construction. Well established for over 10.5 years, with an excellent reputation, a solid history/resume and completion of a diverse range of projects. The business has a great team of employees and an extensive past-client base.

The business is scalable, growing and easy to operate due to an established and working system already in place. The company has seasoned, well-trained staff in place including a Project Manager/Estimator, 2 Field Superintendents, a Project Assistant, and a Construction Laborer.

Started in 2010, this business is truly a rare find! Excellent books & records, high net profit, and low overhead. The company was built on its stellar reputation and referral business. All employees work remotely in order to maintain a low overhead allowing for higher profit margins. This is the perfect business for a builder or someone in a related field to acquire and add an extra $435,000+ to their bottom line. This business is SBA Pre-Approved for a qualified buyer.

Summary

• $435,136 Discretionary Earnings
• $8,015,343 in Gross Revenue for 2020
• Asking $870,000 • Excellent Books & Records (verifiable)
• Licensed B General Contractor, (Seller willing to RMO for Buyer Initially)
• 5 Seasoned and well-trained W2 Employees
• 3 Company Vehicles
• A/R included in sale; approximately $238,000 as of Feb 2021 and will adjust accordingly

Down Payment & Working Capital Required
The down payment required for this transaction is approximately $89,000 with SBA Financing. Additional working capital of approximately $150,000 (for a 3-month period) is recommended. A minimum FICO score of 680 is required for SBA financing.

Seller/s Role
The Sellers presently work approximately 40 to 50 hours each per week. The CEO oversees operations, sales and marketing, bids and runs projects, finds new clients, oversees employees, training, hiring/screening new employees, and overseeing the company in general. The CFO oversees the books, AP/AR, project estimations and is also a project manager. If needed, the Seller can act as the RMO (Responsible Managing Officer) for an agreed upon term while the Buyer obtains their General B Contractor License.

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Property Features and Assets:

Hours of operation 8am to 5pm, Monday-Friday. Included in asking price are $45,000 Equipment & Fixtures and $228,000 Account Receivables.

Reason for Selling:

Retiring / Moving out of State.

Additional Details:

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

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