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Charlotte NC Site Development Company $5.5MM FFE Incl.

Charlotte, NC

Seller Financing Available

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Cash Flow:$2,200,000
EBITDA:$2,000,000
Established Year:2006
Gross Revenue:$12,000,000
FF&E:$5,200,000
Listing ID: 2259826Listing provided by BizBuySell
BUSINESS DESCRIPTION

Site Development Company

The Site Development Company is renowned for its integrity, exceptional value, and timely completion of projects. The company was envisioned to be a premier clearing and grading contractor, capitalizing on the burgeoning market near Charlotte, North Carolina. Starting modestly with just a shovel and a skid steer, the company has since expanded, now boasting a full team and a comprehensive suite of equipment. This growth has solidified the company's reputation as a dependable and well-recognized entity in the region.

The foundational principles of providing good value, standing behind their work, and ensuring timely project completion continue to be the bedrock of the company. With a workforce of 39 employees, the company is strategically positioned to leverage the expanding Charlotte market and sustain its influential presence in the construction industry.

The owner is considering various future paths, including a complete exit or a continued role focusing on areas of expertise such as business development, field operations, and support. This transition would ideally allow a potential partner or company to assume responsibility for sales, marketing, administrative and financial tasks, thereby facilitating continued growth and success.

The company has averaged $2.0M in EBITDA on $12M in sales over the past two years. Contracted work has the company locked in to over $20M in sales for 2024 with projected EBITDA of $4.3M. 2025 is tracking to be even stronger than 2024.

NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

DETAILED INFORMATION
Location
Charlotte, NC
Inventory
Not Included in asking price
Employees
40
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
As the company operates primarily remotely, there is only a small office space. Office space beyond a home office is not required to operate the business.
Competition
While there are several site development companies in the area, the company has a premier reputation. It competes primarily on quality and timeliness, but also operates very efficiently, making the company price competitive.
Growth & Expansion
The company could readily expand by targeting commercial grading projects rather than its current focus on residential site development. A dedicated business development / sales person could also substantially grow the business.
Financing
TBD if the structure and terms are acceptable.
Support & Training
To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed for three months, and up to six months as on-call consultants, or as negotiated.
Reason for Selling
Wants to see the company grow under new leadership.
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Greg
Martin
ProNova Partners
Phone Number
Greg Martin
Call Phone