Public Works Construction, App. $10MM+ Contracts, Working Capital Included
For Sale in CA
Financial & Assets Details
About the Business
Business Description
Highlights:
• Established since 1980’s
• Hands Off Retiring Owner
• Fully staffed company with minimal turnover. Key Employees in place.
• Non-Union Labor Status
• Established Contracts with several cities across all counties in Southern California.
• Approximately $10+MM contracto, to be realized over 2 years.
• Included Net Working Capital in the approximate amount of $350,000
• Long list of FF&E included
• Owner willing to stay with the company upto 2 years for smooth transition.
• Option to potentially take over $400k line of credit.
• SBA Possible.
The company was recently awarded approximately $10MM+ contract to be performed over the span of 2 years. The company bids on projects on an ongoing basis and the new buyer can expect to take over ongoing and potential future project/s upon purchase of the company.
Construction company established since the 1980’s with a Class A licence, focuses on public works contracting. The company has enjoyed great profits and growth over the years, however, due to seller nearing retirement, the company has not focused on growth over the past several years. He believes that the company has the potential to grow aggressively with a motivated owner and the current owner is open to staying with the new owner for a relatively long time (up to 2 years) to assist them with smooth transition, growth and licencing
Company currently concentrates on local city and county contract work related to repair and maintenance. There is tremendous opportunity to start offering other services related to this work to increase revenue per client in a short period of time with limited capital injection taking advantage of current contracts, crew and infrastructure.
Generally, public works construction requires a company to have a good working relationship with its bank, a bonding company, sub-contractors,suppliers etc. – the company enjoys a good reputation for quality and expediency. A desirable situation for the contracting agency.
• Revenue 2018: Revenue $6,032,595.35, Net Income: $492,468.84
• Revenue for 2019 & 2020 is expected to be same or higher than 2018.
Note: The seller is responsible for proving the accuracy of any information provided to the buyer's satisfaction. Information contained in this document is provided solely by the seller. No representations or warranties are provided by the CABB Business Broker, its agents, representatives, or subsidiaries as to the accuracy, completeness or validity of such information. Interested parties are encouraged to seek the counsel of their accountant, attorney and/or other business advisors.
Asking Price: $1,200,000
(Includes – Approx. $350k in Net Working Capital (A/R – A/P) and a healthy balance sheet, Approx. $200k+ in FF&E)
Contact: Raj Parikh | (909) 510-9102 | rparikh@naicapital.com
Location Details:
Los Angeles County, CA (Relocatable)
Support & Training
As needed
Reason for Selling:
Retirement