Commercial General Contractor with Outstanding Reputation! (37861)

Seller Financing Available

As of October 2023, Pending Projections sit at $37 Million with WIP at $33 Million. Situated in West Texas, this commercial general contractor offers Construction Management at Risk (CMAR) services (80%) and Lump Sum Bids (20%) to non-profit, religious, and commercial, and public works clientele. Thanks to top ratings and nearly seven decades of ongoing quality operations, the company has long-term relationships which bring regular business. For the last thirty years, the business has averaged over $800,000 in inflation adjusted earnings. A slow-down in the local economy depressed 2019 earnings. Experienced personnel of 20 nonunion employees could remain post-sale and continue functions alongside outsourced contractors after a year's smooth transition under their current management. Potentials to maximize command over the market exist through younger personnel, increased bonding capacity, equipment purchases and newer software. The company could also immediately reduce operating costs by building its own office on the debt free land it owns which already features a storage yard for construction equipment and trucks. The current building is a 4,000 SF Class A space and is only partially being used. Current office lease renews in 2024. Apart from word-of-mouth referrals backing a large and repeating customer base, improving the website and increasing bonding capacity would be a great growth opportunity for buyers. It is important to note that the buyer should qualify for bonding between $30 - 50 Million. This business will be an excellent addition to your portfolio!