Business Overview:
For over 20 years this "Class A" general contractor for residential and commercial construction has built a successful and profitable business. The two partners plan to retire, but the Class A license holder is willing to stay on for a year or two to ensure a smooth transition.
The business specializes in room additions, kitchen, bathroom, garages, outdoor structures, and patios, all with the highest quality materials and labor. On occasions, they have also built custom homes and completed commercial projects for customers. With a database of over 800 customers in the area they have not needed to advertise for many years.
All employees are W2 with several skilled technicians and a full complement of management and support staff who will stay with the business. There is also, several long-term relationships with the best sub-contractors in the area who provide additional band with when needed.
This is a turn-key business as a bolt-on to an existing remodeler, a full-time owner operator, or within a year it could be setup for a more passive ownership model. Expansion would be easy. The Seller's currently turns-down more business than they accept and are scheduling new work for the 3rd and 4th quarter of 2023.
Successfully operated for over 20 years, this successful business started with simple projects and grew into a full service general contractor specializing in residential additions, remodeling, outdoor structures, and custom buildings.
Northern Virginia is one of the strongest construction and remodeling markets in the US. Almost recession proof due to the high concentration of government workers and suppliers. There are many similar companies in this area of operation, however, after over 20-years in business, the Seller's rely mostly on repeat and referral customers.
Growing this business would be easy. The Sellers have preferred to keep the business at its current level for several years as they have been satisfied with their income and work schedule. with a database of over 800 past customers, they rarely except new customer work. New clients would come in regularly with a modest marketing campaign and some regular social media posts.
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Reason for Selling:
Retiring
Additional Details:
- The property is leased.
- The owner is not 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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