Description

The company is a commercial specialty construction firm. All work is performed in-house (not sub-contracted).

Revenue (approximated) is derived from:
10% government/municipal
10% Institutional
40% Commercial to developers
40% Residential to developers

The company is focused on value engineering the entire worksite which provides a competitive advantage.

Unlike many construction companies this company chooses to rent it's construction equipment which provides flexibility and transfers maintenance responsibility to renter. The expense fluctuates, but is approximately $40,000 per month.

Leased wide-format copier/scanner/fax and A-E size color plotter/scanner will be transfer to buyer and are not included in FF&E.

The company averages $850,000-$1,000,000 of open WIP, $2,700,000-$3,000,000 of awarded contracts not yet begun and $2,000,000-$2,500,000 in outstanding pending bid proposals. The approximate required working capital is $110,000. Bonding projects represent approximately 5% of gross revenue.

Financials represent trailing 12 months performance through 6-30-2016. EBITDA is estimated.

Price in asking price is for database sorting purposes only. Sellers expectations are based on a multiple of earnings.

Posted Oct 24, 2016

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