Idaho GC with Consistent Earnings and Record Backlog (37771)
ConstructionFor Sale in ID
Financial & Assets Details
About the Business
We are a leading construction company offering diversified nonresidential and larger custom residential design/build general contracting, traditional general contracting, and construction management services to private clients and public agencies throughout Idaho, Montana and Washington. We obtain business primarily through repeat business from previous and existing clients and recommendations from clients and architects. We have established a strong reputation within our market for executing complex projects on time and within budget while adhering to strict quality control measures. Our contract revenue has increased from $30.7 million in 2016 to $39.7 million in 2020 and is expected to reach $70 million in 2021. Our backlog of uncompleted contracts as of April 30, 2021 was $49 million. We believe that our backlog has expanded primarily due to favorable economic conditions, our focus on design/build services, and our ability to efficiently manage larger and more difficult projects than we have in prior years. The Company’s sellers’ discretionary earnings averaged $2.2 million annually for the five-year period ended December 31, 2020 with a low of $2 million and a high of $2.5 million, and are expected to be $4 million for the year ending December 31, 2021. We strongly believe that our industry is going through a transformation brought on by the design/build movement and that this is a positive sign for our long-term prospects. Pursuant to the transaction, the selling shareholders will retain all working capital and liabilities other than a cash balance of $1.5 million that management believes is necessary for company bonding purposes.
Negotiable up to 20% for the right buyer.
1.5 building total Property is available for purchase outside of Asking Price!
Support & Training
Flexible Owner transition period.
Reason for Selling:
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