Business Overview:
For over 20 years this "Class A" general contractor for residential and construction has built a successful reputation and profitable business. The two partners plan to retire, but the Class A license holder is willing to stay on for several months 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 hundreds of happy customer. Most of their work comes from referrals and they have not needed to advertise for many years.
All employees are W2 with several highly 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 bandwidth when needed.
This is a turn-key business for a full time owner operator with or without construction experience, and could be set up for a more passive ownership model. The business would also be a excellent bolt-on for an existing remodeler. Expansion would be easy. The Seller's currently turns-down more business than they accept and they are scheduling work 8 to 10 months out.
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Property Features and Assets:
Monthly Rent: $2,896.16
Market Competition and Expansion:
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.
Reason for Selling:
Retiring
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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