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Established & Well-Known Masonry Contractor In Virginia For Sale

Fredericksburg, Virginia, US
Asking Price:
$1,000,000 (USD) Furniture / Fixtures included
Sales Revenue:
$2,160,000 (USD)
Cash Flow:
$420,000 (USD)

Great opportunity to purchase an established and reputable masonry contractor serving Northern Virginia. The business was founded over 20 years ago and consistently delivers quality service, professionalism, and an unmatched level of project management in their work. The business has a specific focus in residential construction with 100% of their revenue coming from custom work for the builders that they work with on a regular basis.

The business has cultivated many loyal and repeat customers by offering competitive pricing, quality workmanship, and reliability. There are relationships in place with suppliers, vendors, and masons that there is enough work to keep 2-5 crews busy throughout the year. The primary services offered include new home foundation skirts, exterior facades, patios, walkways, driveways, and custom interior brick work for home builders – all of these services can be offered to the residential consumer, a customer base the company has never targeted, which provides lots of opportunity for growth!

The business has an excellent reputation in the area and has generated net operating profit margins of around 20% annually. The demand for masonry services in the Northern Virginia, Maryland & DC Metro market has been stable and shows no signs of slowing down, so this is an attractive way to enter the industry without the headaches and time of staring a new business from scratch. This business would also make for an attractive acquisition for an established construction services company that is looking to expand or branch out into masonry projects.

Please note the revenue and cash flow claims being made are 2022 Projections which is based on work that is already contracted and looking at past year’s averages. Here is a quick look at the financials!

Projections: 2022: $2,160,000 Revenue with $420,000 Cash flow

Most Recent Year 2021: $1,725,075 Revenue with $223,323 Cash Flow
*this was a down year due to supply chain and labor shortages across the construction industry, which turned around in late 2021 so the company is showing a strong Q1 and Q2 which is trending to be in line with the previous 3 years financial performance.

Previous Three Years
2020: $2,011,517 Revenue with $396,981 Cash Flow
2019: $2,190,610 Revenue with $542,175 Cash Flow
2018: $2,400,348 Revenue with $493,302 Cash Flow
Avg Revenue: $2,200,825; Avg Cash Flow: $477,486
3 Year (2019-2021) Average Revenue: $1,975,734 Cash Flow: $387,493

The financial performance and operational success this company has achieved is with the current owner putting in about 20-30 hours a week – imagine what could be done if you were to commit to the business full time! The owner is ready to retire while providing the necessary training and support to the buyer to ensure their success to be able to continue the legacy of the business.

Property Information

Real Estate:

Lease

Location:

The business operates out of a 900 sq ft of office just south of Fredericksburg, Virginia. Along with the office space there is approximately 600 sq ft of warehouse space and approximately .125 acres of fenced in yard space. The business can easily be relocated within the Northern VA, Maryland, DC Metro Area with little to no impact to current operations.

Business Operation

Expansion Potential:

There are a number of ways to grow and expand the business. A new owner could expand the customer base to work with other home builders in the local market. There is opportunity to hire additional staff and offer additional products and services. The business currently works on residential projects, but through commercial builders, so there is room to offer direct to consumer services for high ticket projects like walkways, driveways, patios, chimneys and other custom work.

Competition / Market:

There is standard competition in the construction industry, but with this company’s name and reputation over the past 20+ years along with their quality of work and competitive pricing they have set themselves apart from the competition in the marketplace. There are a number of ways to grow and expand the business. A new owner could expand the customer base to work with other home builders in the local market. There is opportunity to hire additional staff and offer additional products and services. The business currently works on residential projects, but through commercial builders, so there is room to offer direct to consumer services for high ticket projects like walkways, driveways, patios, chimneys and other custom work.

Reasons for selling:

Owner is retiring.

Employees:
1
Years established:
21

Other Information

Support & training:

Seller will provide necessary training and support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller financing is available for a qualified buyer depending on the final purchase price and terms.

Furniture / Fixtures value:
$140,243 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD)
Relocatable:
This business can be relocated.

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