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Government and Commercial Contracting Business for Sale in VA

VA

Seller Financing Available
Government and Commercial Contracting Business for Sale in VA
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Asking Price: $1,500,000

Cash Flow: $447,493

Gross Revenue: $4,908,248

EBITDA: N/A

FF&E: $300,000

Inventory: $50,000

Rent: $1,120 /Month

Established: 2001

Government and Commercial Contracting Business for Sale in VA

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Business Description

SBA Pre-Approved - Owner Wishes to Retire

This nearly 20 year old government and commercial construction contracting business started out as a home repair and remodeling business and has become the very successful business it is today from the hard work and dedication to excellence from both its owner and his team of professionals. They create about 80% of their revenue from both local and federal government work and the other 20% from commercial work for both large nationally known businesses and smaller local businesses. The company acts as both general contractor and subcontractor on jobs of most all types and scopes. They provide mainly finishing type services, but often act as general for much more complex jobs. The owner has developed great connections with both large general contractors and subcontractors that perform the work his team doesn’t do personally as well as many local and federal government agencies. Most of the team has been with the company more than 5 years and some much longer. This would be a great acquisition for either a larger design firm to have their own construction division or a growing contractor looking to break into the lucrative business of government contracting.

Key Investment Considerations

• Has averaged over $5 million in gross revenue over the past 3 years
• $450,000+ in cashflow in 2018
• Nearly $4 million dollars in contract back log that a new owner could take almost immediate advantage of (industry standards value these contracts at over $700,000)
• $350,000+ in fixed assets that includes vehicles, equipment and building supply inventory
• Excellent reputation for outstanding and on time work
• Owner is mainly responsible for bidding and management from his home office
• Solid, experienced crew capable of handling all on site aspects of the business
• Approved federal government contractor that would allow for expansion into almost any market where there are federal government facilities
• Seller will train free of charge for 3 months to assure smooth transition
• $500,000 in seller financing to qualified individual shows owner’s confidence in continued success

As always, other brokers are welcome. Bring your qualified buyers while this opportunity still exists!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
500000.00
Support & Training:
12 weeks
Reason for Selling:
retiring
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Steve Sigman

Business Listed By:
Steve Sigman

Transworld Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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