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This well-established company does commercial and public works construction that specializes in general contracting, structural and non-structural concrete, and masonry. Like most companies, this business was greatly affected by C ...
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This well-established company does commercial and public works construction that specializes in general contracting, structural and non-structural concrete, and masonry. Like most companies, this business was greatly affected by COVID-19 but the company is now going strong again.
2020 revenue was approximately $5.4M and even with the COVID restrictions, the company’s adjusted net income was still positive. Prior to 2019, the company averaged over $7M a year in revenue and is back on track to achieve these numbers again in the future.
There is currently a backlog of over $4 M with another several million in potential jobs. The company employees vary between 10 to over 30 depending upon the projects being worked on. The key employees have been with the company for many years. A new owner with additional working capital could grow the company significantly more. The seller would consider staying on with the right buyer.