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Highly Profitable Commercial General Contractor In Los Angeles For Sale

Los Angeles, California - South, US
Asking Price:
$870,000 Furniture / Fixtures included
Sales Revenue:
$8,015,343
Cash Flow:
$435,136

This business has not been affected by COVID-19 as their 2020 revenue was in line with 2017 - 2019's growth.

Commercial General Contracting Business servicing Los Angeles and Orange County that specializes in commercial tenant improvement construction. Well established for over 10.5 years, with an excellent reputation, a solid history/resume and completion of a diverse range of projects. The business has a great team of employees and an extensive past-client base.

The business is scalable, growing and easy to operate due to an established and working system already in place. The company has seasoned, well-trained staff in place including a Project Manager/Estimator, 2 Field Superintendents, a Project Assistant, and a Construction Laborer.

Started in 2010, this business is truly a rare find! Excellent books & records, high net profit, and low overhead. The company was built on its stellar reputation and referral business. All employees work remotely in order to maintain a low overhead allowing for higher profit margins. This is the perfect business for a builder or someone in a related field to acquire and add an extra $435,000+ to their bottom line. This business is SBA Pre-Approved for a qualified buyer.

Summary

• $435,136 Discretionary Earnings
• $8,015,343 in Gross Revenue for 2020
• Asking $870,000 • Excellent Books & Records (verifiable)
• Licensed B General Contractor, (Seller willing to RMO for Buyer Initially)
• 5 Seasoned and well-trained W2 Employees
• 3 Company Vehicles
• A/R included in sale; approximately $238,000 as of Feb 2021 and will adjust accordingly

Down Payment & Working Capital Required
The down payment required for this transaction is approximately $89,000 with SBA Financing. Additional working capital of approximately $150,000 (for a 3-month period) is recommended. A minimum FICO score of 680 is required for SBA financing.

Seller/s Role
The Sellers presently work approximately 40 to 50 hours each per week. The CEO oversees operations, sales and marketing, bids and runs projects, finds new clients, oversees employees, training, hiring/screening new employees, and overseeing the company in general. The CFO oversees the books, AP/AR, project estimations and is also a project manager. If needed, the Seller can act as the RMO (Responsible Managing Officer) for an agreed upon term while the Buyer obtains their General B Contractor License.

Inquiries from Principals Only.

Property Information

Location:

Los Angeles Area

Business Operation

Reasons for selling:

Retiring / Moving out of State

Trading hours:

8am to 5pm, Monday-Friday

Employees:
5FT
Years established:
2010

Other Information

Support & training:

2 Weeks

Financing available:

Seller will consider all offers

Furniture / Fixtures value:
$45,000 - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact First Choice Business Brokers

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