Turn-Key Residential Remodeler in NVA-660801-BK

Listing Number: 9525-660801

Description

For over 20 years this "Class A" general contractor for residential and construction has built a successful reputation and profitable business. The two partners plan to retire, but the Class A license holder is willing to stay on for for several months 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 hundreds of happy customer. Most ot their work comes from referrals and they have not needed to advertise for many years.

All employees are W2 with several highly 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 bandwidth when needed.

This is a turn-key business for a full time owner operator with or without construction experience, and could be set up for a more passive ownership model. The business would also be a excellent bolt-on for an existing remodeler. Expansion would be easy. The Seller's currently turns-down more business than they accept and they are scheduling work 8 to 10 months out.

Listing Details

• Price: $1,429,000
• Down Payment: $1,200,000
• Sellers Discretionary Earnings: $325,000
• Total Sales: $2,501,000
• Location: Virginia


• Inventory: $10,000
• FF&E: $60,000
• Employees: 8
• Year Established: 1996
• Reason for Selling: Retiring
• Category: Construction