Listing Status: Sold
Asking Price: $320,000
Total Sales: $1,686,657
Cash Flow: $151,992
Real Estate Asking Price: N/A
FF&E Included in Sale: Yes
Inventory Included in Sale: No
Real Estate Included in Sale: No
Year Established: 1993
Business Summary: Great opportunity to purchase an established and reputable demolition and remediation contractor that has been serving clients in DC, Maryland, and Virginia for nearly 30 years. The primary areas of focus are Building Demolition which consists of interior selective demolition or strip-off, total building knock down, and all other aspects of building demolition.
The business consistently delivers quality service, attention to detail, and an unmatched level of project management professionalism in their work. The primary clients are federal/state/local government entities, various military installations, and private commercial customers. Over the years, a large number of customers have been developed by offering competitive pricing, quality workmanship, and reliability. There are a number of accreditations and certifications in place with government and industry licensing agencies which will convey to the next owner.
The demand for demolition and remediation services in the DC metro market is constant and shows no signs of slowing down, so this is an attractive way to enter the industry without the common headaches and time of starting a new business from scratch. This business would also make for an attractive acquisition for an established construction services company that is looking to expand or branch out into the services offered. The owner is ready to retire while providing the necessary training and support to the buyer to ensure their success to be able to continue the legacy of the business.
Description of Facilities: The business operates out of a 3,500 sq ft of space in Maryland (DC Metro Area). The two-floor office space measures roughly 2,000 sq ft and there is 1,500 sq ft of warehouse space as well. The business could be relocated within the service area with no impact to current operations.
Competition: There is standard competition in the construction/demolition market, but with this company’s established reputation over nearly 30 years in the industry along with many long standing clients has enabled them to stand apart from much of the competition.
Growth & Expansion: There are a number of ways to grow and expand the business. A new owner could expand the customer base by targeting new projects or add to the scope of work that is performed. There is also opportunity to market and advertise the business as there are no current efforts in place in that area.
Seller Financing Available: Yes
Seller Financing Terms: Seller financing is available for a qualified buyer depending on the final purchase price and terms.
Reason For Sale: Owner is retiring.
Seller Support & Training: Seller will provide necessary training and support.