Industrial and Commercial General Contractor

Not Disclosed, MI

Central Michigan

Asking Price: Annual Revenue:
Not Disclosed $8,824,408

Services: Construction, Contractors

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RE: Industrial and Commercial General Contractor Broker: Calder Capital
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $8,824,408
Net Profit: Not Disclosed
Cash Flow: $856,947
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $500,000
Year Established: 1979
Employees: 28
BBN Listing #: 706445079
Broker Reference #: 158

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Business Overview:

This opportunity is an Industrial and Commercial General Contractor for sale based in Central Michigan that provides high-quality, fully managed services to businesses and other establishments in the commercial and industrial sectors. The Company provides services to petro-chemical companies, churches, education establishments, and large residential projects. In addition, the Company has established many strong customer relationships, which provides the Business with steady streams of revenue from repeat customers. Furthermore, its diversified supplier base gives it the autonomy to choose from an extensive list of suppliers.

The Company was founded over 40 years ago. The two current owners are active in the day-to-day operations of the Business and are responsible for scheduling jobs and labor, estimating jobs, and various administrative duties. Despite the owners’ involvement in the Business, the Company is not necessarily heavily reliant on the owners as many of these duties can be delegated to lower-level staff if the owners so desired. The Company employs nine other skilled managers that are capable and already working towards absorbing more responsibilities to continue the Company’s history of quality work.

The two owners have been involved in the construction industry for many years and wish to divest the Business to pursue retirement. Ownership is willing to provide reasonable and customary transition assistance and is committed to supporting the Company's continued growth throughout a transition period of approximately one year.

The Company’s facility is owned within the business entity and is well-maintained and in excellent condition. The owners are flexible to the sale or lease of the real estate with the Business.

Buyers will be required to have a minimum of $300,000, solid credit, and preferably industry experience to qualify for SBA 7a financing.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email us and request a PDF version.

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Property Features and Assets:

The Company operates out of facilities totaling 13,133 square feet. The office is 2,140 square feet, the shop is 7,673 square feet with a 1,500 square feet overhang area, and the pole barn is 1,820 square feet.

Market Competition and Expansion:

Investment Highlights Include: (1) Strategic Project Selection: The Company is meticulous in its project selection, which has allowed the Business to only select high-margin jobs. Since the Company targets complex jobs to face less competition among other construction companies, it typically does not need to win bids based on price and can maintain high margins. (2) Repeat Customers: Most of the Company’s revenue comes from repeat customers. These customers are mainly centered around petro-chemical companies, churches, and education establishments, which account for most of the Company’s sales. The Company performs several jobs per year at these establishments and even has some customers requiring year-round work. (3) Non-Discretionary Customer-Base: The Company is located around many of its customers, allowing it to lessen delivery times and adhere better to customer needs. The types of customer contracts that are implemented decrease the risk for non-paying customers for the Company. Additionally, the chemical work and concrete jobs completed by the Company are typically non-discretionary and provide additional stability in economic downturns. Growth Opportunities Include: (1) Increase Service Offerings: The Company could generate more revenue by building out small drywall, acoustical, and siding projects and hiring employees with the appropriate skills to perform the work. The Company already has a deep roster of customers, especially in the commercial sector that could utilize these new offerings. The Company could also acquire new customers, specifically needing drywall, acoustical, and siding services in Central Michigan. (2) Expand Into Specialty Residential Work: These projects include large residential houses requiring an extra degree of skill. Since the Company is smaller, it is kept out of substantial construction projects such as multi-unit subdivisions. However, the Company’s employees are more sophisticated than most residential construction employees due to the requirements needed for working in chemical plants, which could make them better suited for large specialty houses that are difficult to build.

Reason for Selling:

Ownership would like to pursue retirement.

Additional Details:

  • The property is owned.
  • 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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