Listing Number: 7101-964910
Description
General Contractor offers a wide variety of services including but not limited to: Earthwork, Underground Utilities, Demolition, and Steel Building Installation. The seller has been servicing the commercial and state markets for over 14 years and has an excellent reputation with repeat business. 2023 proforma revenues of $13M. 2023 proforma SDE owner benefit of $1.3M. Over $15.5M in work in progress under contract and $12M in high percentage bids with repeat clients. The sale includes over $2M in equipment. The SBA has provided a pre-qualification on this listing. The seller has 25 full-time employees. Two experienced superintendents. The main superintendent has been with the company since it was started. He can manage the business when the seller is not available. A full-time office manager is responsible for billing, accounts receivables, payroll, bookkeeping, and assistance with the preparation of bids. The company uses QuickBooks. Excellent books and records. The seller will provide 15 business days of training during a transition period. Depending on the needs of the buyer, the seller is willing to consider staying on in some capacity with compensation depending on the time required and responsibilities. Currently, rent is $1,800.00 per month and this is a month-to-month lease. The Property owner will consider any options for terms.
Listing Details
- Price: $ 4,000,000
- Down Payment: $440,000
- Sellers Discretionary Earnings: $ 1,386,301
- Total Sales: $ 13,000,000
- Location: Duval County, Florida
- Inventory: $ 0
- FF&E: $ 1,931,056
- Employees: 30
- Year Established: 2009
- Reason for Selling: Retirement
- Category: Construction
