GRAND ISLAND, Nebraska
| Asking Price |
$2,475,000 |
Year Established |
1967 |
|
| Annual Revenue |
$3,893,414 |
Reason for Selling |
Age/ Retirement |
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$692,663 |
Listing Number |
1019721 |
|
| # of Employees |
8 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
Established over 60 years, this business has a diverse repeat client base which is comprised of farmers & ranchers, commercial building owners, schools, and government. They offer installation and project management of pre-manufactured structures and farm focused buildings. The project types are Premanufactured Structures, Steel Buildings, Pole Barns, Grain Bins, Storage & Garages, and Airplane Hangars.
The opportunity comes with over $1.9million in WIP and over $1.5million in their pipeline, in addition to $1.1million worth of assets. This business is passively owned as the General Manager runs all day-to-day operations - the owner only checks in twice per week!
There are 8 full-time employees in the business including the GM, 2 Crew Foreman, an Office Administrator and 4 in Field Labor.
The seller is planning for retirement and has offered to carry 20% of the purchase price as a show of good faith in the continued success of the business post-close.
Property Features and Assets:
<p>Vehicles: $421,429 </p><p>Machinery & Equipment: $645,819 </p><p> Working Capital: ~$100,000 </p><p>➢ Backlog: $1,994,987 </p><p>➢ Sales Pipeline: $1,572,000<br></p>
Market Competition and Expansion:
<p>Growth Opportunities: Expand territory/ no restrictions<br></p>
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