Established Construction/Home Improvement Company

Not Disclosed, CT
New Haven County


Asking Price: Annual Revenue:
$1,500,000 $3,350,000

Services: Construction, Contractors


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RE: Established Construction/Home Improvement Company Broker: Ken Stein

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $3,350,000
Net Profit: Not Disclosed
Cash Flow: $475,000
Total Debt: Not Disclosed
FF&E: $1,000,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 22
BBN Listing #: 51454701
Broker Reference #: 14533

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Business Overview:

This is the opportunity to acquire a profitable and established company servicing this CT area for over 30 years where they are a well-known, recognizable Brand in the community. Their business had proven to be both recession resistant as well as Covid resistant and they have a full pipeline of work for 2020 & well into 2021. The business has been able to achieve this success with an emphasis on quality, training and the very best fleet, equipment & tools available to service their high demand. This emphasis on quality has led to a fully trained staff including multiple Foremen, Operators, Crews, Staff & Management. After 30+ years in this line of work, the owner is now looking to focus on other business interests but will stay on to teach, train and depending on the new owner, perhaps stay on in a consulting capacity. The business is healthy with over $3.3M in annual revenues and $450,000 in Owners Adjusted Earnings for 2019. Since Covid has only made them busier, 2020 Owner’s Adjusted Earnings are projected at $475,000. This business comes with a practically brand-new fleet of vehicles and specialized equipment needed to get the job done. With a great reputation, recognizable brand, established base of clients in their community, a full pipeline of work and very strong revenues and earnings, a new owner will be able to hit the ground running. Please ask about listing #14533 when inquiring about this opportunity.

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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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