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660801 Growing Residential Remodeler in NVA

Listing Number: 9525-660801

Description

For over 20 years this "Class A" general contractor for residential and commercial construction has built a successful and profitable business. The two partners plan to retire, but the Class A license holder is willing to stay on for a year or two to ensure a smooth transition.
The business specializes in room additions, kitchen, bathroom, garages, outdoor structures, and patios, all with the highest quality materials and labor. On occasions, they have also built custom homes and completed commercial projects for customers. With a database of over 800 customers in the area they have not needed to advertise for many years.
All employees are W2 with several skilled technicians and a full complement of management and support staff who will stay with the business. There is also, several long-term relationships with the best sub-contractors in the area who provide additional band with when needed.
This is a turn-key business as a bolt-on to an existing remodeler, a full-time owner operator, or within a year it could be setup for a more passive ownership model. Expansion would be easy. The Seller's currently turns-down more business than they accept and are scheduling new work for the 3rd and 4th quarter of 2023.

Listing Details

  • Price: $1,429,000
  • Down Payment: $1,200,000
  • Sellers Discretionary Earnings: $284,589
  • Total Sales: $2,150,000
  • Location: Virginia

  • Inventory: $10,000
  • FF&E: $60,000
  • Employees: 6
  • Year Established: 1996
  • Reason for Selling: Retiring
  • Category: Construction
660801 Growing Residential Remodeler in NVA

Contact Agent:

Erika Baez
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