|Total Adjusted Net Income||$435,136|
|Equipment / Fixtures||$45,000|
|General Location||Los Angeles Area|
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 accordinglyDown Payment & Working Capital RequiredThe 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 RoleThe 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.
|Gross Revenue||$8,015,343||Listed Price||$870,000|
|Total Income||$435,136||Down Payment|
|Inventory||Not Included||Leasehold Improvements||$0|
|Equipment / Fixtures||$45,000||Other Assets|
|Full-Time Employees||5||Training Period||2 Weeks|
|Part-Time Employees||Special License Required||Contractor B License|
|Contract Staff||Reason for Selling||Retiring / Moving out of State|
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written ization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.