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General Engineering Company, $5 Million Earnings For Sale

California, US
Asking Price:
On request Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$25,000,000 (USD)
Cash Flow:
$5,000,000 (USD)

For over 30 years, this streamlined general engineering construction services contracting company has provided a set of exterior site services and end-to-end project management for commercial and industrial projects. Their best-in-class reputation for quality and on-time execution fuels continued success. Specialty services include site prep, landscape, site concrete, pavers, and paving. The company has general A and B state contractor license and some other specialty licenses.

2021 projected gross revenue are $27.3 Million ($5.0 Million adjusted EBITDA). They have strong management, engineering and field teams, a well-equipped fleet and proven processes that empower and drive success.
As part of their exit strategy planning, the owner approves new projects and attends to higher level organizational needs with management oversight. Owner is not involved in day-to-day project decisions or on any contact list. Managers and employees are empowered to solve problems real-time, in accordance with company policy. Note that 99% of the bid requests and business referrals come directly into the company’s employees (not the owner).

The comprehensive set of quality services are offered under one project manager, greatly simplifying the client’s requirements to manage added subcontractors, providing an added barrier to competitive entry in this market. Tenured field leaders and tradespeople are represented by several local unions and are supported by the outstanding office leadership team.

Buyers need to have (or plan to provide/hire) industry experienced responsible managing officers/or employees (RMO/RME) to meet state contractor licensing requirements. The owner plans to pursue other personal interests, after offering short term transitionary support and possibly longer term consulting services that facilitate qualified buyers success. The leading 3rd party national appraisal firm calculates the fair market stock value at $27.7 Million (includes $9 Million of assets).

Property Information

Real Estate:

Lease

Premises Details:

N/A

Business Operation

Reasons for selling:

Pursue Other Business Interests

Trading hours:

Days: Mon-Fri, Hours: 8AM - 5PM

Employees:
Full Time: 80
Years established:
34

Other Information

Support & training:

TBD

Contact Sunbelt of San Jose

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