Niche Construction Co w/ Repeat Fortune 500 Customers – Sold
Price: $2,900,000
Annual Revenue: $8,435,123
Net Cash Flow: $1,282,472
Industry: Construction
Location: Massachusetts
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For over 30 years, this New England-based business has built long-standing relationships with top-tier customers who operate in the gas station, convenience store, and trucking industries. Projects include new builds as customers add locations and renovations to meet regulatory and expansion requirements. They have extensive technical experience in their specialty and also self-perform all of their own site work and environmental work with their extensive fleet of heavy equipment. In addition, they operate as the general contractor on their projects to ensure control and quality service delivery across the entire project. Their completed projects span the East Coast with a focus on the Northeast. Their fleet of heavy equipment, vehicles, and tools, which are all self-maintained, ensures quality delivery and capacity across multiple projects. With a robust pipeline of projects, they are poised for continued growth. Over $ 1.5 million worth of equipment and assets are included in the sale.
Listing Details
FFE: $1,534,293
Reason For Sale:
The seller is moving toward retirement.
Training & Support:
The seller will ensure a successful transition to new ownership.
Operation
Employees: 25
Location
Square Footage: 8000
Facilities Information:
They operate out of an 8,000-square-foot standalone building that includes 2000 square feet of office space and 6,000 square feet of warehouse and shop space. The shop includes a service area where all tools are barcoded for check out and check in allowing for easy tracking of what tools are at each project. The seller owns the real estate and will consider a sale or lease of the property. A complete list of heavy equipment and tools will be provided upon receipt of NDA.
Summary
Competition:
The market for their services is strong as customers add new locations and renovate existing operations. There is not a lot of competition for their niche technical skills which provides steady project opportunities.