50yr Old Industrial, Commercial,& Residential Contractor-Ebitda $3.2m!

Roanoke, VA
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Cash Flow:$3,200,000
EBITDA:$3,200,000
Gross Revenue:$20,200,000
Established Year:1974
BUSINESS DESCRIPTION

Essential Business That Has Grown Year Over Year!

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https://generational.tfaforms.net/4660083?DealID=a1LNw000000Awtx

ALL LOIs DUE BY OCTOBER 4, 2024

Founded in 2016, this mid-Atlantic based Company offers a diverse range of tailored industrial, commercial, and residential design and construction solutions. The Company is heavily focused in the defense contractor, federal agency, and local government markets, but serves clients all types from its two offices. In 2019, the Company expanded its operational capabilities through an acquisition that also delivered strong customer relationships dating back to 1974.

The Company provides specialized construction services performed by its skilled workforce, including select demolition, steel erection, metal roofing and siding, drywall and painting, concrete work, carpentry, and plumbing installations. In addition to those core services, the Company is an authorized distributor of a revolutionary asphalt repair product.

The Company excels in design-build projects, offering end-to-end solutions that streamline construction processes and optimize project outcomes. Licensed, insured, and certified, the Company supports defense contractors, federal agencies, and local governments in achieving their construction goals.

INVESTMENT APPEAL

- Superior Name and Reputation:
The Company enjoys a long-standing reputation for the quality of its construction services, expertise, dependability, and superior customer support. Its reputation in the industry is the result of conducting business with a philosophy that is supported by professionals, principals, values, and ethics. As a result, the majority of the Company’s business is from repeat business and referrals.

- Strong Client Relationships:
The Company maintains strong ties to clients and a reputation for quality work and client service. Evidence of these relationships is shown in the 100% rate of repeat business by the Company’s governmental entity and federal government contractor clients. Two of the Company’s top five clients have been working with the Company in some capacity since 1974.

- Strong Management Team:
The Company’s management team has a tremendous amount of varied general contracting experience in the industry. The team is focused on providing quality, timely, and cost-effective services, coupled with proactive and responsive customer support.

- Efficient Project Management:
The Company efficiently manages projects from inception to completion. With a well-defined project management process and experienced team, the Company ensures that timelines are met, resources are allocated effectively, and risks are mitigated promptly. This efficiency enables the Company to deliver projects on time and within budget, exceeding client expectations and maintaining a competitive edge in the industry.

- Proactive Risk Management:
The Company prioritizes proactive risk management strategies to identify, assess, and mitigate potential risks throughout the project lifecycle. By anticipating and addressing challenges early on, the Company minimizes disruptions, avoids costly delays, and ensures smooth project execution. This proactive approach instills confidence in clients and stakeholders, demonstrating the Company's commitment to delivering projects successfully, even in challenging environments.

- Strong Historical Sales Growth:
Historical sales grew from $13,759,000 in 2021 to $20,254,000 in 2023, representing a compound annual growth rate of 21.3%. Sales have grown consistently year over year in the historical period and are projected to be $23,567,000 in 2024.

- Scalable Operating Expenses:
The Company, supported by 17 full-time employees, has built an effective organization capable of sustaining projected growth. The Company maintains fixed operating expenditures, and future revenue growth will greatly improve profitability. Any increase in revenue will not result in meaningful changes to projected operating expenses.


DETAILED INFORMATION
Location
Roanoke, VA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,000
Employees
17
Facilities
The Company’s 6,000 square foot office and shop is conveniently located near Roanoke, Virginia. Given its unique location, the Company can efficiently travel to various projects around the region. This facility is leased from a related party and is used to store equipment for future use and as an office space for management purposes. The Company’s equipment that is essential to daily operations includes vehicles, computers, construction equipment, and office fixtures.
Support & Training
The Seller is proud of the business they've built. Their primary goal is to make sure the new Buyer is successful. Hence, they will stay on as long as the Buyer needs them.
Reason for Selling
Retirement
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Xavier
Staggs
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Xavier Staggs