Industrial & Commercial Design-Build -RE Available

Business Overview:

This very successful, well-established, design-build, general construction firm is headquartered in NC but has operated across the US and abroad on a wide array of industrial and commercial projects since the 1970s. The current owners have worked at the business for over 40 years and have grown the business to $44M in annual revenue and an estimated adjusted EBITDA of almost $2.8M for Fiscal Year 2023. The ownership group now wishes to retire and has assembled a very talented and experienced management team capable of continued growth and profitability. To aid in a transition, the ownership team is open to negotiating availability for post-sale training, consulting, and operational support, as well as ongoing management. If desired, the real estate, including a 2-acre parcel and purpose-built office, warehouse, and equipment yard, may also be purchased. With a proven history of financial stability and strong project management, they have a track record for delivering complex projects to their clients on time and within budget.

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Property Features and Assets:

Real Estate Asking Price: $2,000,000.00

Facilities: Office Area: 6472 sq ft; Shop Area: 4645 sq ft; Shelter: 5515 sq ft;

Monthly Rent: $6,675.00

Lease Expiration Date: October 30, 2026, 9:00:00 PM

FF&E Overview:
Vehicles
Office Equipment & Computers
Furniture & Fixtures
Shop Equipment
Erection Tools & Equipment
Tools & Other Equipment

FF&E General Condition: Good

Market Competition and Expansion:

Competition: While there are competitors, the business enjoys a stellar reputation and is effective at successfully competing in the local market. The business had record years in 2022 and 2023 and is having another record year in 2024 with a high percentage of returning or referred customers including a number of international and large domestic companies, currently engaged or contracted for future projects.

Expansion: Following the COVID pandemic, the company has seen strong growth as supply chain issues have resolved, the local and regional economies have accelerated, the management team has increased capabilities and existing customers & referrals have increased their demand. At this time, it appears that all of these factors will continue and the company is poised for continued record growth.

Reason for Selling:

Retirement

Additional Details:

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