The company is a self performing commercial specialty construction firm. All work is performed in-house (not sub-contracted) with 18 crews as of July 2022.
Revenue (approximated) is derived from:
* 10% government/municipal
* 10% Institutional
* 40% Commercial to developers
* 40% Residential to developers
* 0% Home Owners
The company is focused on value engineering the entire worksite which provides a competitive advantage.
Unlike many construction companies, this company chooses to rent its construction equipment which provides flexibility and transfers maintenance responsibility to renter. The expense fluctuates, but is approximately $50,000 per month.
Leased wide-format copier/scanner/fax and A-E size color plotter/scanner will be transferred to buyer and are not included in FF&E.
The company averages $1,000,000-$1,500,000 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 only ~5% of gross revenue.
Financials represent trailing 12 months performance through 6-30-2021. EBITDA is estimated assuming two executive salaries of $150,000 each.
Price in asking price is for database sorting purposes only. Sellers expectations are based on a multiple of earnings..