Building And Construction Business For Sale in Altamonte Springs Florida

Federal Government Construction Contractor

Advert Id: 50804
  • Location:Altamonte Springs, Florida
  • Category:Building and Construction
  • Asking Price:$8,000,000
  • 8000000
  • Sales revenue :$9,820,196
  • Net profit :Undisclosed
  • Furniture/Fixtures value :$400,000
  • Inventory/Stock value : $10,000

Business description

This is a federal construction builder and electrical company that has all of the government clearances required to build and maintain any government facility anywhere in the country. It does not engage outside labor or subcontractors, all work comes from the 50 plus full time employees that are in house. Very little equipment other than vehicles and a company airplane. This is an ideal bolt on company for a larger builder that requires a foothold into federal construction as well as a very profitable company that has not had the ups and downs of the general construction industry in the last few years and has maintained profitability throughout the past recession. Currently has about $7 million in work but has bid on $200 million and is confident that the company will receive work to the value of at least $50 million. Even in a bidding year this company makes close to two million for the owner and with the expected orders that are currently being processed hopefully in its favor this will be much much more. Now is the time to buy as with a full order book the price will be much higher and close to double.

  • Competition: This business has very little competition that it has to worry about. It is well established and has a fine reputation, completes its contracts on time. Is well funded from within. Has very knowledgeable employees, sound management and infrastructure that are in place.
  • Expansion: The business is placed in a very good position to continue to grow and expand due to the Federal governments commitment to renovating and maintaining public buildings, and this company is very high on the bid list due to many years of satisfactory performance, quality work highest ethical standards. no cost overruns, contracts finished on time and in fact trouble free motoring with an order book of about $7,000.000 in place.
  • Years Established: 1993
  • Employees: 55
  • Support Training: The seller will stay for as long as the buyer requires within reason after the sale, but the staff are totally familiar with the running of the business and all contracts that are in house, as well as all bids and work in progress that are in the pending pipeline.
  • Reason For Selling: Retirement
John Price,broker & Associates

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