Residential and Commercial Construction Business

Not Disclosed, NH
Merrimack County

Located between 2 major interstates

Asking Price: Annual Revenue:
$750,000 $2,294,107

Services: Construction, Contractors

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RE: Residential and Commercial Construction Business Broker: Will Simmons
License #: #1002237
Owner Financing is Available!

Quick Facts

Asking Price: $750,000
Annual Revenue: $2,294,107
Net Profit: Not Disclosed
Cash Flow: $361,202
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 218862509
Broker Reference #: Not Disclosed

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Business Overview:

The business' reputation and longevity can be attributed to its commitment to professionalism, efficiency, and quality of work. There are many other construction firms in New Hampshire and the surrounding areas, but customers continue to use and refer others to the business because they value quality. The owner is able to charge a premium for the business' services because his customers know that the business will complete the project on time, on budget and in accordance with all building codes.

The business provides a range of services, including new homes and additions, whole house renovations and remodeling, kitchen and bathroom remodeling, deck and patio installations and commercial winter snow removal services. With decades of expertise, the business' service offerings are performed by a crew of tenured employees and subcontractors.

The business has a diverse residential and commercial customer base. For most of the business’ existence, the focus was on larger commercial accounts; however, the owner and his team have focused more on servicing residential customers in recent years due to higher profit margins, more rewarding projects and higher demand. Additionally, residential project invoices are collected faster than commercial invoices.

A new owner could easily grow the business by directing their marketing to include the commercial projects that have been passed over. The business, by virtue of its reputation, has many experienced subcontractors that would be open to working on these commercial projects. The current owner has spent the last 3 years building out the team and processes necessary to facilitate a transfer of ownership.

While other construction businesses in the Northeast may be faced with large seasonal swings in revenue, the business' commercial winter maintenance services and modular home builds allow for consistent cash flow year-round. These commercial snow removal contracts have been in place for several years. Lack of work has not been a concern over the last two to three years as the demand for new construction and remodeling has increased substantially in New Hampshire.

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Property Features and Assets:

The office space is a newly renovated 2,000 square-foot area that includes three separate offices, a spacious kitchen and a bathroom. The business is located between US I-93 and US I-89, the two major interstates in New Hampshire. This location is central to the many surrounding towns in a 50-mile radius, which make up the business' core residential customer base. The business has been at the same location for nearly four decades and is owned by the current owner. The current owner would be interested in structuring a long-term lease with the new owner to rent the office, shop and storage area for $3,250 per month.

Market Competition and Expansion:

The primary obstacle that the current owner faces is the same as most other businesses in the country and pertains to the lack of labor and the material supply chain. The business is located in an area of the country with lower than average unemployment, which can lead to the owners and Office Manager spending more time on hiring than they would like. Despite the headwinds as a result of the labor market, the business maintains a consistent balance of permanent year-round employees, dedicated and experienced subcontractors. The lack of sophisticated marketing means that the buyer would need to start somewhat from scratch. Though the company gets a substantial number of leads from their website, it is not overly optimized for SEO and online advertising channels have not been tested, much less optimized for the best return. Nearly all leads come from referral, repeat customers, and word-of-mouth.

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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