Listing Number: 60332-630156
Description
Don't miss out on the lifetime opportunity to acquire an established construction company with over 70 years of experience. This multi-generational business has shown a consistent growth pattern, with a remarkable year-over-year 25% increase since 2019. The projected revenue for the current year is approximately $10 million. Net Seller Discretionary earnings at more than $1 Million with a seller currently working 15-25 hours per week.
Business Overview: What began as a humble plastering contractor in 1946 has evolved into a full-fledged construction company, engaging in diverse and intriguing projects. From commercial complexes to custom homes, office buildings, and places of worship, this company has played a significant role in shaping the local landscape. At its zenith, the company achieved a staggering $38 million in annual revenue,
Customers: The company boasts a loyal and expansive customer base spanning multiple industries. Repeat and referral-based clientele have been instrumental in driving the company's revenue, a trend that is set to rise even higher following the post-COVID rebound. With a solid reputation for delivering excellence, the company continues to attract new clients seeking their unrivaled expertise and craftsmanship.
Employees: The company is currently staffed by a dedicated team of ten highly skilled and long-term employees. These loyal professionals possess extensive trade experience and are likely to remain with the company under new ownership. Their expertise and commitment have been invaluable in establishing the company's strong foothold in the market.
Confidentiality: The seller kindly requests that interested buyers demonstrate their commitment to confidentiality by signing a non-disclosure agreement (NDA) and providing their buyer profile that we will send out. This is done to safeguard the seller's privacy and ensure a secure transaction process that aligns with industry best practices. Additionally, these measures serve as a demonstration of the buyers' genuine intent and financial capability.
Ideal Buyer: This rare opportunity is ideal for individuals passionate about the construction industry, experienced business owners/ managers, or companies seeking strategic expansion. A Michigan Builder's License is required to operate and capitalize on this turnkey business.
Seize this once-in-a-lifetime opportunity to own a respected construction company with an illustrious history and unlimited potential. Act swiftly and decisively to secure your future in an industry primed for growth and innovation.
Listing Details
- Price: $ 2,750,920
- Down Payment: $2,475,828
- Sellers Discretionary Earnings: $ 1,170,123
- Total Sales: $ 6,837,202
- Location: Wayne County, Michigan
- Inventory: $ 2,500
- FF&E: $ 37,000
- Employees: 14
- Year Established: 1946
- Reason for Selling: Retiring
- Category: Construction
