Internal ID:
Price:
Total Sales:
FF&E:
Contractors:
Industry:
Year Established:
Days and Hours of Operation:
Reason for Sale:
Listing Status:
BUILD4
Not Disclosed
$19,622,320
$182,164
80
Building and Construction
2003
M-S 8-5
Other Interests
Active
Description:
The company is a self performing commercial specialty construction firm. All work is performed in-house (not sub-contracted) by 21 crews (ao April 2022). Revenue is derived from approximately:
* 2% government/municipal
* 3% Institutional
* 35% Commercial to developers
* 60% Residential to developers
* 0% Home Owners
The company is focused on value engineering the entire worksite which provides a competitive advantage. Unlike many construction companies, this company chooses to rent its construction equipment which provides flexibility and transfers maintenance, relocation, storage, and insurance responsibility to rental firm. The expense fluctuates, but is approximately $130,000 per month. Leased wide-format copier/scanner/fax and A-E size color plotter/scanner will be transferred to buyer and are not included in FF&E. The company averages $1,500,000-$2,000,000 of open WIP, $2,500,000-$3,000,000 of awarded contracts not yet begun and $2,500,000-$3,000,000 in outstanding pending bid proposals. The approximate required working capital is $600,000. Bonding projects represent approximately 1% of gross revenue. EBITDA is estimated assuming two executive salaries of $150,000 each. Price in asking price is for database sorting purposes only. Sellers expectations are based on a multiple of earnings.
Location:
Facilities Type:
Monthly Rent:
Building Square Feet:
Central North Carolina
Office Condo
$1,500
1050
2009 Caminos Drive
Raleigh, NC 27607
Internal ID: BUILD4
Price: $35,000,000
Total Sales: $19,622,320
FF&E: $182,164
Contractors: 80
Industry: Building and Construction
Year Established: 2003
Days and Hours of Operation: M-S 8-5
Reason for Sale: Other Interests
Listing Status: Active
Description: The company is a self performing commercial specialty construction firm. All work is performed in-house (not sub-contracted) by 21 crews (ao April 2022). Revenue is derived from approximately:
* 2% government/municipal
* 3% Institutional
* 35% Commercial to developers
* 60% Residential to developers
* 0% Home Owners
The company is focused on value engineering the entire worksite which provides a competitive advantage. Unlike many construction companies, this company chooses to rent its construction equipment which provides flexibility and transfers maintenance, relocation, storage, and insurance responsibility to rental firm. The expense fluctuates, but is approximately $130,000 per month. Leased wide-format copier/scanner/fax and A-E size color plotter/scanner will be transferred to buyer and are not included in FF&E. The company averages $1,500,000-$2,000,000 of open WIP, $2,500,000-$3,000,000 of awarded contracts not yet begun and $2,500,000-$3,000,000 in outstanding pending bid proposals. The approximate required working capital is $600,000. Bonding projects represent approximately 1% of gross revenue. EBITDA is estimated assuming two executive salaries of $150,000 each. Price in asking price is for database sorting purposes only. Sellers expectations are based on a multiple of earnings.
Location: Central North Carolina
Facilities Type: Office Condo
Monthly Rent: $1,500
Building Square Feet: 1050
2009 Caminos Drive
Raleigh, NC 27607
