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- RE: Multi-Family Residential Construction General Cont
- Contact: Rick Carlson
- License #: 01820673
Quick Facts
| Asking Price: | $0 | |
| Annual Revenue: | $120,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $3,500,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 615,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1991 | |
| Employees: | 50 | |
| BBN Listing #: | 854627574 | |
| Broker Reference #: | 1127 CONSTRUCTION |
Business Overview:
This Multi-Family Residential Construction General Contractor is an S-Corporation. The original company was founded in 1991 with a 100% sale to the new owners in late 2016 / early 2017 as part of a divestiture / retirement of a founding member of the prior company. The company is in the Southeast U.S. (exact location provided is broker’s location). The new owners have continuously owned and operated the company since January 1, 2017.
The company has two main project types, affordable housing and traditionally financed housing, which tend to be counter-cyclical. This allows the company to be somewhat insulated from broader economic forces that often plague siloed general contractors. The company has long-standing relationships with developers (as a source of revenue) and subcontractors (as a source of labor) throughout the southeastern U.S.
The company surpassed $120M in TTM revenue with EBITDA of over $3M.
Both owners would like to continue to operate the business post-sale and are open to an equity position with the acquirer, although a 100% exit as owners is preferred.
NDA required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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Property Features and Assets:
Two Corporate Office Locations. Projects located throughout the southeastern U.S.
Market Competition and Expansion:
Competition: The company faces regional competition and some larger commercial general contractor competition. However, existing relationships with developers tend to limit direct competition with most other general contractors. Growth & Expansion: The current ownership has nearly doubled the company’s revenue since taking over in 2016. The company is poised for continued growth in additional southeastern U.S. markets and could readily support growth into geographically separated markets under the new leadership.
Reason for Selling:
The current owners would like to exit for several
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more North Carolina businesses for sale
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