This General Contracting Company has an existing backlog that exceeds 3 years with repeat client potential! The probability of future work produced by the same clientele is very strong and has the potential to pad the pipeline with profitable projects for an additional 3-4 years beyond current contracted work. The current owner is seeking a planned retirement in the next 3-4 years, but desires to continue working within the company in a sales position. Present ownership flourishes in the sales side of the business and wishes to smoothly transition the strong client base he has built over the years to new management. This company has an amazing reputation within the region and boasts multiple revenue streams. The business has already accounted for most of its overhead for the next 3 years with future contracted work and continues to submit bids as they arise. In addition to the pipeline, new ownership will absorb the portfolio experience of the company’s many local and national high-profile jobs. Now is the time to buy with the current backlog, highly experienced employees, and the excellent reputation of this company! Inquire today!
Purchase Price: $1.2mm
2018 Seller’s Discretionary Earnings (SDE): $775,000