Texas Construction Business For Sale 26292

Construction Businesses For Sale
3401 Evanston Ave. N. Ste. A
Seattle, WA 98103

Click for email
Category: Construction SIC:
Detail: N/A Price: $6,000,000
County: Down: $0
State/Prov.: TX Adj Net: $1,113,219
Country: USA Sales: $14,119,009
Relocatable No Home based No Franchise No Lender pre-qualified No
BUSINESS ACTIVITY: The company services are: commercial general construction (15.5%), remodels (28.3%), service (35.1%), preventative maintenance (19.0%), emergency, and disasters (2.1%); another division performs commercial plumbing projects and service; complimented by a third division involved in residential and commercial heating, air conditioning, refrigeration, and cooking equipment. These services are provided on a national basis to the commercial and residential construction and development industry. The majority of the services are commercial, with the residential services only provided by the HVAC division. As a percentage, the residential HVAC is less than 5% of the total revenues of all companies combined.

HISTORY: The company began in March of 2003 as a small construction and maintenance company with three employees. In the beginning, the only services provided were commercial construction and maintenance, for two major retailers. The plan was to remain small and provide limited services. After three years, the company had grown to seven employees and was working throughout the continental United States. Over the next seven years, the company added several employees in the office and field performing a variety of services to a broad client base; during this time the company strategy changed, focusing more heavily on preventative maintenance, routine maintenance, emergency services, and break-fix, for commercial retail, restaurants, and tenant finish clients throughout the United States and Canada. It was determined the clients wanted self-performed services and automated tracking services; therefore, in November of 2010, a failing HVAC company was purchased. In October of 2012, the company implemented a commercial plumbing company. To enhance the provided services, an IT department was created to support the company and develop automated tracking software for clients and field technicians. The two original major clients are still with the company today.

SALES & EARNINGS: Sales for 2016 were $14,119,009. Sales for the first nine months of 2017 were $11,135,092. Projected sales for 2018, based on current account base and contracts is $21,940,000.

MARKETING STRATEGY: The company markets its services to regional and national clients with ongoing needs. Major focus is: retail, food service, and hospitality with construction and maintenance needs. A focus has been placed on the maintenance market, because it is somewhat economic downturn neutral with higher margins. To enhance this growth, the company has a staff of two full time sales people, with employees in Dallas, Houston, Austin, and South Texas. There is also company contract labor to cover preventative maintenance services for every state in the U.S. and Canada.

DAYS AND HOURS: The office personnel work Monday through Friday from 8:00 a.m. to 5:00 p.m. in the office and warehouse. The dispatch staff and field personnel are on call seven days per week and 24 hours per day as dictated by the client?s needs.

EMPLOYEES: The company has 65 total employees, including the two owners; along with 11 contract workers. There is an experienced manager over each division of the company.

FACILITIES: Another corporation owned by the sellers owns the building and leases it to the business. The building has 7,100 square feet of space. Rent will be $14,200 per month. The real estate can be included in the sale if a buyer so desires. The market value of the building is $2,000,000.

REASON FOR SALE: The owners are aware a transition period is very important in this type of business. A logical answer to, ?Why sell now?? The timing is right to sell. The organization is positioned for growth based upon the respective local, state, and national economy; their client mix; services offered; and the current staff. The only ingredient missing is ownership willing to invest into the future growth of the business. One of the owners would like to remain with the business. The other owner is willing to continue through the transition and would consider part-time employment. He is at retirement age, but will find not working difficult.
A/R: Real Estate: $
Inventory: $115,000.00 Other Assets: N/A
FF&E: $675,000.00 Total Assets: N/A
Leasehold: $485,000.00 Included: N/A

Please use the form below to contact us about this business!

First name
Last name
Business listing number you are interested in
Business Brokers Network is America's Largest Network of Business Brokers