S505 – Specialized Construction Business
The business experiences continued growth and expected to finish the year with revenues in excess of $1.3M in ‘22 – a 30% increase. The owner anticipates similar performance in 2023 as they signed additional backlog of work for next year. This is an established business with a great reputation, but could be improved with the addition of some internal IT processes to streamline operations during this growth. Business is run with only three workers and could easily be expanded with an owner willing to work with a larger crew. The business is located in the SECOND highest growth area of Texas and is experiencing tremendous expansion. The business grew during the pandemic due it its unique offering and high net worth customer base. Very few competitors in the marketplace. Seller willing to stay on with new owner for sales, design and quotation activities. Prebooked revenue and quoted jobs come with the sale. The business offers a variety of products and services: Design and build of water front structures, retaining walls, custom boat lifts, boat houses and additional requested services. There is continued opportunity for growth with additional marketing. The majority of the current business is from referrals with some from internet inquiries. The construction yard has space to store equipment and inventory. The owner is selling to focus on other business interests. The owner is also willing to assist the buyer with a smooth negotiated transition, and is flexible on how it will be structured. Included with the sale is a meaningful non-compete agreement. This opportunity is structured as an asset sale and is neither an offer nor a solicitation to sell securities. Call Robert Howells at 210-383-9840 or email at email@example.com for more information.