$15,000,000.00
Asking Price
Address: Charlotte, 28202.
Status: Active
Posting ID: 280842
11/1/23
Description
This multi-family residential construction general contractor is an S-Corporation. The original company was founded in 1991 with a 100% sale to the new owners in late 2016/early 2017 as part of a divestiture/retirement of a founding member of the prior company. The company is in the Southeast U.S. (exact location provided is broker’s location). The new owners have continuously owned and operated the company since January 1, 2017.
The company has two main project types, affordable housing and traditionally financed housing, which tend to be counter-cyclical. This allows the company to be somewhat insulated from broader economic forces that often plague siloed general contractors. The company has long-standing relationships with developers (as a source of revenue) and subcontractors (as a source of labor) throughout the Southeastern U.S.
The company surpassed $120M in TTM revenue with EBITDA of over $3M.
Both owners prefer to retain an equity position with the acquiring company and would like to continue to operate the business post-sale. However, they are open to a 100% exit under the right terms.
NDA required to receive a comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information:
Facilities: Two corporate office locations. Projects located throughout the Southeastern U.S.
Competition: The company faces regional competition and some larger commercial general contractor competition. However, existing relationships with developers tend to limit direct competition with most other general contractors.
Growth & Expansion: The current ownership has nearly doubled the company's revenue since taking over in 2016. The company is poised for continued growth in additional Southeastern U.S. markets and could readily support growth into geographically separated markets under the new leadership.
Financing: TBD if structure and terms are acceptable.
Support & Training: As needed specific terms for transition support can be negotiated. The seller wishes to facilitate a successful and smooth transfer of the business.
Reason for Selling: The current owners see tremendous growth potential under the leadership of new owners. The current owners can continue to operate and grow the business, but not to its full potential. Both owners would like to remain with the business post-sale in their current roles.
To get more information about this General Contractor - Multi Family, Residential business for sale in Charlotte please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #280842 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this General Contractor - Multi Family, Residential, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.
Contact
Phone: 833-776-6682 Details
Asking Price: $15,000,000.00
Down: Call/Email
Cash Flow: $3,500,000.00
Revenue: $120,000,000.00
Area: Charlotte
City: Charlotte
Attributes:
My Notes About This Listing
Cash flow
$350,574
Revenue
$3,578,262
Down
$200,000
Posting: 285442 | Available | 4/13/24
For sale is California Co with its distribution center located in the Southwest US. It has been established for 24 years. They sell hardware products for consumers and professionals. They are a distributor/manufacturer of premium products that are sold online and through big box retailers.
Asking Price
$1,295,000
Cash flow
$1,000,000
Revenue
$9,000,000
Down
Call / Email
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Earthwork construction company - grading, asphalt paving for renovation & new construction projects, plus asphalt & concrete repairs and maintenance for recurring commercial & public customers. 30 skilled employees with capable non-owner management. Extensive equipment & vehicles. 37-year history.
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Cash flow
Call/Email
Revenue
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Down
Call/Email
Posting: 283306 | Available | 4/12/24
Real estate staging service serving the always-booming Silicon Valley market. A great reputation, in business for 17 years, diverse customer base, efficient operations. Some seller financing may be available for a qualified buyer. Existing stagers grow your business 'overnight.'
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Cash flow
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Revenue
Call/Email
Down
Call/Email
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The established 2-year agency is located in a desirable location. This 2.1 million earned premium agency is consistent with a preferred auto/homeowner customer base with an excellent opportunity for growth in cross sales as well as life/financial services.
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$511,450
Cash flow
$400,000
Revenue
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Down
Call/Email
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Asking Price
$1,495,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284472 | Available | 4/17/24
This is an exceptional restaurant & banquet facility for sale! This is a full-service banquet facility with ABC Type 47 liquor license & ABC Type 58 for catering. They have a seating capacity of over 360. There is vast parking space for guests and it is easily accessible from major freeways.
Asking Price
$4,500,000
Cash flow
N/A
Revenue
N/A
Down
$139,000
Posting: 285773 | Available | 4/14/24
This hospice (first license only) is located in Long Beach, CA, away from the saturated valley. It is ready to call for the final survey, read for the 'ready letter'. It has an amazing office space with three private rooms and incredibly low rent! It has a secure office building complex.
Asking Price
$139,000
Cash flow
$50,000
Revenue
$380,000
Down
$154,900
Posting: 284866 | Available | 4/13/24
This is your opportunity to own a Baskin Robbins ice cream store in Sunny San Diego County. Baskin Robbins is the #1 ice cream franchise in the World. The store opened in July 2017. The current owner purchased the store in January 2019. It is located in a great shopping center.
Asking Price
$154,900
Cash flow
$46,623
Revenue
$381,554
Down
$35,000
Posting: 286109 | Available | 4/12/24
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Asking Price
$89,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285867 | Available | 4/14/24
This is a hospice agency for sale in Burbank, Los Angeles County, California, with first license only. It must pass the second survey. The price is $175K.
Asking Price
$175,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285750 | Available | 4/16/24
We have developed cutting-edge recruiting application that leverages AI technology to streamline the recruitment process is seeking angel or seed investment to help build out this vision and take the product to the next level. Seeking to continue to innovate and revolutionize the way companies hire.
Asking Price
$150,000
Cash flow
$123,948
Revenue
$4,112,992
Down
Call/Email
Posting: 283748 | Available | 4/16/24
This fully staffed and trained aircraft service center in Northern California, offering airport operation and aviation mechanical services. Business provides management of aircraft hangar and office rentals for executive meeting spaces. Other services include aircraft sales and brokerage.
Asking Price
Call/Email
Cash flow
$200,000
Revenue
$900,000
Down
$900,000
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For sale in Mission Hills, San Diego, is a thriving liquor store situated in a prime location. Originally a pizza shop that also offered a selection of liquor, beer, and wine, this establishment underwent a complete renovation in 2021, resulting in a modern and inviting space.
Asking Price
$900,000
Bldg Size
2,560 Sq.Ft
Typical Floor Size
Call / Email
Year Built
Call / Email
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Asking Price
$935,000
Cash flow
$102,804
Revenue
$369,775
Down
$1,098,000
Posting: 284287 | Available | 4/15/24
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Asking Price
$1,098,000
Cash flow
Call/Email
Revenue
$1,000,000
Down
Call/Email
Posting: 286054 | Available | 4/16/24
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Asking Price
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Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285746 | Available | 4/12/24
A dog grooming shop, established in 1968 with the same owner, is located in an upscale neighborhood with a lot of foot traffic and Mountain View. This fully remodeled salon offers full-service grooming for dogs and cats. The shop spans 1,250 sq ft.
Asking Price
$125,000
Total Investment
$100,000
Min Liquid Cash
$80,000
Net Worth
$100,000
Posting: 284068 | Available | 4/17/24
S.A.M offers individuals and companies of all sizes the opportunity to fulfill a passion for nurturing young minds while running a profitable and rewarding business. Our program uses the two-pillared approach of Classroom Engagement and Worksheet Reinforcement.
Franchise Fee
$25,000
Cash flow
$377,083
Revenue
$439,096
Down
$24,900
Posting: 284152 | Available | 4/15/24
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Asking Price
$24,900
Cash flow
$219,950
Revenue
$219,950
Down
$2,900,000
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Asking Price
$2,900,000
Cash flow
Call/Email
Revenue
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Down
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Posting: 285604 | Available | 4/16/24
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Cash flow
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Revenue
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Down
Cash
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Asking Price
$450,000
Cash flow
$235,715
Revenue
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Down
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Asking Price
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Cash flow
N/A
Revenue
N/A
Down
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Asking Price
$99,999
Cash flow
Call/Email
Revenue
Call/Email
Down
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Posting: 285825 | Available | 4/12/24
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Asking Price
$328,888
Cash flow
Call/Email
Revenue
Call/Email
Down
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Posting: 285056 | Available | 4/11/24
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Cash flow
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Down
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Cash flow
$89,148
Revenue
$571,000
Down
$315,000
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For sale is a freestanding drive-through quick service restaurant located in a very busy area next to the college. There is a private parking lot, good visibility, with very little competition. They are serving burgers on the menu & Mexican food, breakfast lunch & dinner.
Asking Price
$315,000
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