Construction Services in the Sioux Falls Area
South Dakota
| Asking Price: | $1,600,000 |
| Gross Revenue: | $1,714,904 |
| FF&E: | $1,545,360 |
| Cash Flow: | $499,347 |
| Inventory: | $100,000 |
| Established Year: | 1999 |
Listing ID: 2270545Listing provided by BizBuySell
BUSINESS DESCRIPTION
Profitable business with growth potential!
Large-scale demolition projects are the primary work for this company. Jobs are generally within 60 miles. Specialized equipment that others do not have makes this a sought-after company that is able to do specific projects for customers. The Company does most of the work for many of the top construction firms in the area and has built a relationship over the years with many of these large companies. The Company has a reputation for completing projects on time, on budget, in a professional manner, and leaving the job clean. The owner works 5-10 hours per week by choice.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
6,500
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
A 6,500 square foot building with an office and breakroom is available. It is of adequate size for current operations and would serve a new owner well. The real estate is currently owned by the business owner and is available for sale or lease. Terms can be negotiated.
Competition
There is a similar company in this industry, but they have shifted focus to a different line of work and are no longer considered competition. This business works with companies they have built solid relationships with over the years that can be handed off to the new owner.
Growth & Expansion
As with most businesses in the area, labor is a bottleneck. Another ten employees could be put to work at once. That has forced the Company to explore high-tech options that allow for efficient project completion and less physical toil on the employees. Previously, the Company had twice as many employees and did twice the revenue.
Financing
$160K down/$160K ove 120 mos. @ 10%/Other Financing.
Support & Training
Will train for 3 weeks @ $0 cost.
Reason for Selling
Retirement.
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