Northern VA Masonry Contractor

  • Listing# : 12718
  • Listed Price : $1,132,000
  • Total Sales : $2,829,132
  • SIC : 1741
  • Down Payment : $183,000
  • Status : Active
  • Discretionary Earnings : $536,131

Business Type :

Construction / Contractor Masonry

Business Description :

Founded in 2001, the Company is a full-service, non-unionized contractor specializing in providing masonry construction and related services throughout Northern and Central Virginia. With a superb reputation, strong customer and supplier relationships and an experienced management team, it’s well-positioned for continued growth.

Roughly 80% of the job sites are located within 20 miles of metro Washington DC city limits. The office location is not necessarily near where work is performed. The office could be easily relocated.  With a bit more effort on marketing, the company could easily double in size in a short amount of time.

Key highlight is that the business is run as a mostly absentee operation. The owner is ready and willing to train and mentor a buyer. For an established buyer, the owner is willing to help facilitate customer retention to maximize the smoothness of a transition.

Strong Base Year Performance: Revenue is projected to approach $2.9 million in 2017. Moreover, the Company’s adjusted EBITDA, a key indicator of financial performance, is projected to surpass $430,000 (15% of sales.) due to more favorable gross margins (profitable project mix). The business has net profit margins in the 10% range which is well above the 4.5% industry average. A very strong construction market enables the company to be selective regarding project mix
Strong Backlog and Project Pipeline: As of December 2016, the Company had a committed project backlog of approximately $4 to $5 millions in projects over the next 12 to 24 months - all of which is from current GCs/builders who are clients. This does not include any additional projects awarded since then, or any pending contracts expected by management prior to year-end.
High Barriers to Entry: The significant capital investment to purchase heavy equipment and establish relationships with customers is a significant barrier to entry for new competitors.
Repeat Business: An established and growing customer account base and an estimated 85% retention rate help ensure continuity of operations.
 • No Revenue Concentration: The company works regularly with 6 to 7 GCs/Builders with revenue divided equally among them.
Virginia Contractors Licenses for Sale with Business Type A  (General Builders and Concrete/Masonry). Another key highlight is that the business is well equipped to service all of its current customers. Full equipment list is available upon request.
Currently staffed with One (1) Full Time Manager employee, and Six (6) On Call workers. This business is run by the book, those on call workers that can qualify legally as subcontractors get paid as subcontractors. The business has access to many more subs as needed.
This is a well run company, led by a skilled professional. The owner is willing to assist and train for at least Six (6) weeks included in the purchase price - but willing to stay on up to one full year.


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $0
    • Incl :
    • Liabilities $0
    • Incl : Yes
    • FF&E $129,132
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $129,132
    • Incl : Yes

Lender Prequalified: Yes

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