Profitable General Contracting Biz - seller price discounted $137K!
Carteret County, NC
| Asking Price: | $220,000 |
| Gross Revenue: | $738,000 |
| Rent: | $800/Month |
| FF&E: | $142,000 |
| Cash Flow: | $120,000 |
| Inventory: | $2,000 |
| EBITDA: | $95,000 |
| Established Year: | 1985 |
Listing ID: 1762904Listing provided by BizBuySell
BUSINESS DESCRIPTION
Seller motivated and including $50K more in tools and equipment
Successful and profitable general contractor business has repeat high-end clientele who pay well, which drives excellent gross margins. Revenue is consistently over $750K and another $1M in backlog/ future projects. Many client houses who need GC work are on Emerald Isle, NC, a beautiful vacation hot spot - with constant renovation needs due to wind storms, salt water and high-end vacation homes, whose owners require upkeep and improvements. This business is priced 20% below broker market price estimates and is turn-key ready.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,200
Lease Expiration
31/12/2030
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Warehouse and office space on 3.4 acres located near Emerald Isle, NC. Space is available at very competitive rates. Building and land are not included in this business sale price, but seller is open to possibilities.
Competition
Some competition but few with the reputation of this General Contractor. Supply of quality GC's is tight, so with a reliable, experienced GC buyer, the market is excellent.
Growth & Expansion
New development continues in the area, and experienced GC's are in high demand.
Financing
Up to 20% seller financing for qualified buyer
Support & Training
Seller will provide training and support for new owner.
Reason for Selling
Seller wants to retire and enjoy time with his family.
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