Detail information about the listing
Great opportunity to purchase an established and reputable masonry contractor serving Northern Virginia. The business was founded over 20 years ago and consistently delivers quality service, professionalism, and an unmatched level of project management in their work. The business has a specific focus in residential construction with 100 percent of their revenue coming from custom work for the builders that they work with on a regular basis.
The business has cultivated many loyal and repeat customers by offering competitive pricing, quality workmanship, and reliability. There are relationships in place with suppliers, vendors, and masons that there is enough work to keep 2-5 crews busy throughout the year. The primary services offered include new home foundation skirts, exterior facades, patios, walkways, driveways, and custom interior brick work for home builders – all of these services can be offered to the residential consumer, a customer base the company has never targeted, which provides lots of opportunity for growth!
The business has an excellent reputation in the area and has generated net operating profit margins of around 20 percent annually. The demand for masonry services in the Northern Virginia, Maryland & DC Metro market has been stable and shows no signs of slowing down, so this is an attractive way to enter the industry without the headaches and time of staring 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 masonry projects.
Please note the revenue and cash flow claims being made are 2022 Projections which is based on work that is already contracted and looking at past year’s averages. Here is a quick look at the financials!
Projections: 2022: 2,160,000 Revenue with 420,000 Cash flow
Most Recent Year 2021: 1,725,075 Revenue with 223,323 Cash Flow
*this was a down year due to supply chain and labor shortages across the construction industry, which turned around in late 2021 so the company is showing a strong Q1 and Q2 which is trending to be in line with the previous 3 years financial performance.
Previous Three Years
2020: 2,011,517 Revenue with 396,981 Cash Flow
2019: 2,190,610 Revenue with 542,175 Cash Flow
2018: 2,400,348 Revenue with 493,302 Cash Flow
Avg Revenue: 2,200,825; Avg Cash Flow: 477,486
3 Year (2019-2021) Average Revenue: 1,975,734 Cash Flow: 387,493
The financial performance and operational success this company has achieved is with the current owner putting in about 20-30 hours a week – imagine what could be done if you were to commit to the business full time! 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.