Business For Sale

Public Works Constructions-Includes Contracts, SBA

Not Disclosed, CA
Los Angeles County

Los Angeles County, CA (Relocatable)


Asking Price: Annual Revenue:
$1,200,000 $5,700,000

Services: Construction, Contractors


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RE: Public Works Constructions-Includes Contracts, SBA Broker: Shreeraj Parikh
License #: 01962451

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $5,700,000
Net Profit: $455,000
Cash Flow: $455,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: Not Disclosed
BBN Listing #: 199352542
Broker Reference #: Not Disclosed

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Business Overview:

Highlights:

•Established since 1980’s
•Hands Off Retiring Owner
•fully staffed company with minimal turnover. Key Employees in place.
•Non-Union Labor Status
•Established Contracts with several cities across all counties in Southern California
•Included Net Working Capital in the approximate amount of $350,000
•Long list of FF&E included
•Owner willing to stay with the company up to 2 years for smooth transition
•Option to potentially take over $400,000 line of credit.
•SBA Possible

A $3.5MM contract is expected to be awarded to the company mid-December. The company bids on projects on an ongoing basis and the new buyer can expect to take over ongoing and potential future project/s upon purchase of the company. This is not a guarantee.

Construction company established since the 1980’s with a Class A licence, focuses on public works contracting. The company has enjoyed great profits and growth over the years, however, due to seller nearing retirement, the company has not focused on growth over the past several years. He believes that the company has the potential to grow aggressively with a motivated owner and the current owner is open to staying with the new owner for a relatively long time (up to 2 years) to assist them with smooth transition, growth and licencing.

Company currently concentrates on local city and county contract work related to repair and maintenance. There is tremendous opportunity to start offering other services related to this work to increase revenue per client in a short period of time with limited capital injection taking advantage of current contracts, crew and infrastructure.

Generally, public works construction requires a company to have a good working relationship with its bank, a bonding company, sub-contractors,suppliers etc. – the company enjoys a good reputation for quality and expediency. A desirable situation for the contracting agency.

•Revenue 2018 (Jan - Oct): Revenue $5.2MM+, Net Income: $427,000+
•Revenue 2018 (Projected): Revenue $5.7MM+, Net Income: $455,000+
•Revenue for 2019 is expected to be same or higher than 2018.

Note: The seller is responsible for proving the accuracy of any information provided to the buyer's satisfaction. Information contained in this document is provided solely by the seller. No representations or warranties are provided by the CABB Business Broker, its agents, representatives, or subsidiaries as to the accuracy, completeness or validity of such information. Interested parties are encouraged to seek the counsel of their accountant, attorney and/or other business advisors.

Asking Price: $1,200,000 (SBA Possible)
(Includes – Approximately $350,000 in Net Working Capital (A/R – A/P) and a healthy balance sheet, Approximately $200,000+ in FF&E)

Contact: Raj Parikh

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Reason for Selling:

Retirement

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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