New Listing: Construction Services Company in the Sioux Falls Area
Jun 21, 2024 8:37 pm
From the Desk of Josh Grode Wolters, MBA:
Once again, we have a newly listed business to tell you about today. In fact, it hasn't even hit our major listing aggregators yet, so you are truly the first to know! We don't expect this to last long. Of particular note is the $600,000 piece of real estate available for purchase along with the business. The owner is open to a long-term lease if the buyers would like to continue operations in place.
Construction Services Company
Asking Price:$1,600,000
Cash Flow:$ 500,000
Gross Revenue:$1,715,000
Total Assets:$1,645,360
Established:1999
Employees: 6 full-time
Real Estate: $ 600,000 - Available
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.
Facilities:
6,500 sq foot building with an office and breakroom attached. Bathrooms in the office and shop--one with a shower. It is an adequate size for current operations and would serve a new owner well for some time. The real estate is currently owned by the business owner and is available for sale or lease terms can be negotiated.
Products, Services, Licenses, Skills Requited:
The primary line of service for this business is specialized commercial construction demolition. The business uses specialized equipment to support the work of larger general construction partners. No special skills are licenses are required.
Competition:
There is a similar company, but they have shifted focus to a non-competing line of work and are no longer considered competition. The business does work for companies they have built solid relationships with over the years that can be handed off to the new owner.
Sales & Marketing:
The business is not currently looking for new customers--the schedule is full. The focus is on keeping current customers happy. This has proven to be a solid strategy since the workforce has slowed.
Assets:
All construction equipment, trucks, trailers, generators, high-tech equipment, skid loaders are included. All the assets are in excellent shape, and some have been recently purchased.
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. Because of honed efficiencies and expanded margins, twice as many employees now would more than double current revenue.
Reason for Selling:
The owner has grown the business all they can and are leaving the industry.
As always, I'm looking forward to hearing from you soon!
Happy Friday,
Josh
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JOSH GRODE WOLTERS, MBA
Business Intermediary
2121 W 63rd Pl, Suite 100
Sioux Falls, SD 57108
