Commercial Contractor Specializing in Steel Structures

Commercial Contractor Specializing in Steel Structures

Over $11 Million in Upcoming ProjectsDescription: http://imavex.vo.llnwd.net/o18/clients/fixedfee/images/medical.jpg

Central Indiana
Listing Number:
 IEB-104-09

Financial Information

Asking Price: $580,000 
Real Estate: Leased
Gross Revenues: $2,500,000
Cash Flow: $218,725
 

Business Description

30 year old construction company with both public and private projects experience, including schools, fire stations, airport buildings, manufacturing companies, flex spaces, retail stores, and churches. They are franchisees for two steel building products suppliers, one since the beginning. 

They have a unique approach compared to competitors that clients tend to like, that moves the process along with more agreement and fewer changes, bringing buildings in on time and on budget. This straight forward approach wins them a majority of project where clients are looking for effective solutions and not necessarily just the lowest bid. 

Business has 9 projects in the pipeline, valued at over $11 million, which should all come to fruition in the next 2 years. Of course, additional projects are being quoted as well to continue growth. A new owner should expect revenue double current levels which can be supported with current resources. At net income levels at 8-10%, the ROI on this acquisition should be significantly better than most businesses.

General Information

Facilities: The business is located in a commercial flex office space in the Indianapolis Metro area which has recently been built out and has a very nice atmosphere for both employees and clients.

Growth & Expansion: The current employees and assets can support $8-$10 million in revenue. Most of the work is done by subs with a small in-house crew to knock out punch list items and provide project management. The size of the company can be easily increased with additional subs or another project manager. There is a solid team of both employees and partners to support each project to guarantee its success. With the current pipeline, a new buyer should expect the business to double from its current levels.

Employees: 8

Financing: A qualified buyer should be able to obtain SBA financing with 20% down

Support & Training: The seller will provide training as needed to assure a successful transition. 

Reason Selling: Retirement

Contact Information


Contact:
 Scott Lands
Phone: 317-333-6655 x 104

 

Indiana Equity Brokers
5750 Castle Creek Parkway, Suite 275, Indianapolis, IN 46250
Tel: 317-333-6655     Fax: 317-333-6654
info@indianaequitybrokers.com

 

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