Profitable Self-Performing Site Wall Construction

Raleigh, NC
Wake County

Asking Price: Annual Revenue:
$16,000,000 $18,361,356

Services: Construction, Contractors

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RE: Profitable Self-Performing Site Wall Construction Broker: Jeff Snell, M&AMI, CBI, ABI
Owner Financing is Available!
Owners will provide an appropriate component of financing if required by SBA

Quick Facts

Asking Price: $16,000,000
Annual Revenue: $18,361,356
Net Profit: $4,243,730
Cash Flow: $4,493,730
Total Debt: Not Disclosed
FF&E: $186,500
Real Estate: Not Disclosed
Year Established: 2003
Employees: 60
BBN Listing #: 43336351
Broker Reference #: BUILD4

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Business Overview:

The company is a self performing commercial specialty construction firm. All work is performed in-house (not sub-contracted).
Revenue (approximated) is derived from:
* 10% government/municipal
* 10% Institutional
* 40% Commercial to developers
* 40% Residential to developers
* 0% Home Owners
The company is focused on value engineering the entire worksite which provides a competitive advantage.
Unlike many construction companies, this company chooses to rent its construction equipment which provides flexibility and transfers maintenance responsibility to renter. The expense fluctuates, but is approximately $50,000 per month.
Leased wide-format copier/scanner/fax and A-E size color plotter/scanner will be transferred to buyer and are not included in FF&E.
The company averages $1,000,000-$1,500,000 of open WIP, $2,700,000-$3,000,000 of awarded contracts not yet begun and $2,000,000-$2,500,000 in outstanding pending bid proposals. The approximate required working capital is $110,000. Bonding projects represent approximately 5% of gross revenue.
Financials represent trailing 12 months performance through 7-31-2018. EBITDA is estimated assuming two executive salaries of $125,000 each.
Price in asking price is for database sorting purposes only. Sellers expectations are based on a multiple of earnings.

Real property represented by ENLIGN Commercial
2009 Caminos Drive, Raleigh, NC 27607, 919-341-1100

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Property Features and Assets:

Real Estate is not included in purchase but may be acquired separately. Type of Location: Office Condo Monthly Common Area Maintenance: $95 Square Footage: 850 Facilities: The business is operated from a location on a major thoroughfare in Wake County, NC. Adequate parking is available. The building is available for purchase. If purchased the property will be sold at average local market value which may be higher or lower than the current estimated $130,000.

Market Competition and Expansion:

Owner Qualifications: Buyer(s) will need to possess or retain employees on staff carrying a North Carolina General Contractors License and for engineering, a NC Board of Engineers and Land Surveyors Professional Engineering License (NCBELS) licensed engineer with prescribed equity as reflected in the NC Secretary of State filings. Competition: Competition is comprised of companies that perform similar services. No other construction company has grown as fast as this company in North Carolina - all while being 100% self performing. Potential Growth: The current owners have intentionally managed growth to allow for more personal/family time. Owners 2018 estimate of $18,000,000 in revenue was based on minimal staffing increases and has been achieved. The Sellers believe that experienced operators could increase gross sales by as much as 100% within 12 months by expanding into other North Carolina markets.

Reason for Selling:

Other business interests.

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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