Residential Construction - Concrete Foundations

Not Disclosed, NC
Wake County

Triangle NC

Asking Price: Annual Revenue:
$1,150,000 $4,374,879

Services: Construction, Contractors

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RE: Residential Construction - Concrete Foundations Broker: Warren Davis

Quick Facts

Asking Price: $1,150,000
Annual Revenue: $4,374,879
Net Profit: Not Disclosed
Cash Flow: $485,615
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: 4
Employees: 2
BBN Listing #: 32844955
Broker Reference #: 1313-16931

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Business Overview:

Growing and very profitable concrete contractor in the Triangle available for sale. The Company provides contractor services to new single-family residential builders providing concrete foundations, driveways, walkways, handicap ramps, and curbing. All work is subcontracted to suppliers of materials and labor. Management consists of business president (currently executor of the estate) and a General/Project Manager to oversee client relations and project execution. Low overhead and modest fixed assets.required.

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Property Features and Assets:

Home based business. Assets = $70,000

Market Competition and Expansion:

New home construction has been in demand in the region with demand far outstripping available builders. The trend is expected to continue as the region also enjoys an expanding population and limited resale home inventory. As with this business, larger competitor firms are also in demand due to client builders' capacity constraints. The value, quality, and personal service are what separate this company from the competition. As a result, its reputation in the area has been excellent. Potential for growth is exceptional! With the limited supply of new homes in this growing market, low interest rates, and future expectations to continue as such for the foreseeable future, acquisition of this firm would be a boon to an existing contractor to expand, or an individual looking to invest in the firm and take it to the next level through expanding sales and marketing efforts as well as project managers. The projects from builders are available for this firm to take!

Reason for Selling:

Owner and founder of the business passed away.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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