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Commercial Construction Niche Business

King County, WA

Commercial Construction Niche Business
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Asking Price: $5,400,000

Cash Flow: $2,000,000

Gross Revenue: $18,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Commercial Construction Niche Business

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Business Description

$15 Million Backlog - Significant Work on Existing Structures - New Constructio

This well-established 40-year-old commercial construction niche industry business has been a mainstay in the Puget Sound economy for decades. The company specializes in projects geared towards mid-rise & office buildings and has a large repeatable general contracting base that supplies it a consistent flow of new work. Their reputation of doing quality work on time and on budget has provided it with longstanding relationships that will transition nicely to the new owner. The business is ripe for continued expansion from its current foundation as the workload is generated from incoming inquiries from repeatable accounts without a proactive marketing presence. The service area of the company is primarily King, Pierce, and Snohomish counties.

The staff of the business consists of 33 experienced employees including middle management and administrative personnel. The owner works primarily in an executive management capacity. The business also has numerous ongoing relationships with subcontracting firms in place to provide a nimble operating structure in order to support growth while monitoring expenses and profitability. Ownership is flexible relating to terms of post transaction transition & training and desires to facilitate a seamless transition for their customers & employees. All operational and management infrastructure is in place for a smooth transition of ownership. The sale is retirement motivated.

The lead business broker for this company at IBA is Mike Luitgaarden. Mr. Luitgaarden can be contacted directly at (425) 454-3052 or mikel@ibainc.com.

Detailed Information

Location:
King County, WA
Support & Training:
The seller will provide an appropriate transition training/consulting period to smoothly transfer ownership of the business.
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(from currently available funds)
 
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Gregory Kovsky

Business Listed By:
Gregory Kovsky

IBA

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