Masonry Subcontractor w/Military Backlog

Not Disclosed, NC

Asking Price: Annual Revenue:
$3,995,000 $4,462,868

Services: Construction, Contractors

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RE: Masonry Subcontractor w/Military Backlog Broker: Kimberly Ramsey
Owner Financing is Available!

Quick Facts

Asking Price: $3,995,000
Annual Revenue: $4,462,868
Net Profit: Not Disclosed
Cash Flow: $878,805
Total Debt: Not Disclosed
FF&E: $834,100
Real Estate: Not Disclosed
Year Established: 1972
Employees: 29
BBN Listing #: 777458201
Broker Reference #: 13485-184973

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Business Overview:

Established in the 1970s, this commercial masonry subcontractor has earned the respect of some of the largest general contractors in the US.
With $17M in military contracts, this business focuses primarily on military installation work as well other municipal commercial projects. The company turns down jobs every week due to capacity constraints. The new owner is only limited by how much they want to grow the company and how many projects they want to take on.

50+ years profitable masonry business with strong profit margins

$17M of projects under contract with the military

Highly skilled, stable specialty workforce

No advertising needed due to name recognition. Work comes to them.

Military work less sensitive to economic affects

Real estate included

Over $800k in FF&E included

Seller financing available

Very profitable, well run business. Owners open to extended transition. Long tenure foreman. Almost unlimited growth potential.

The business was established in the early 1970s as a general construction company servicing the east Texas market. The current owners’ father joined the company as a laborer and in the early 1980’s he was brought on as a partner. Eventually, the business transitioned from Texas to Arizona, before relocating to the southeast in 1988 where they shifted their focus to working primarily on military installations. The business' portfolio includes a multitude of military projects such as barracks, medical clinics, training simulation complexes, marine special operation command, as well as a few other non-military projects such as schools and commercial retail buildings.

There are a few other smaller companies in the area, however there exists a positive mutual agreement between companies to work together to level load projects by loaning labor during peak times and keeping each other's skilled workforce employed.

Opportunities for growth include:

• Multiple jobs are being turned down due to capacity limitations. Increasing capacity would result in an increase in jobs and revenue
taken per week.
• Implementing a marketing and advertising strategy as well as building a website for more reach

Listing price includes 3,500 square ft. masonry and wood building built in 2011 sitting on 1.33 acres of land. The building has three private offices, an entry vestibule, a reception and office open area, a conference room, a kitchenette, an attic storage space, and a bathroom.

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Reason for Selling:

Ready for next chapter in life.

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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