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For Sale: Commercial Construction Company - Silicon Valley


Current Status: Active     Posting #: 260429     Last Refreshed: 6/14/20    
Contact: Greg Carpenter At 408-898-0393 , 408-444-7528  -  Also Email This Contact Below
Price:  $700,000     Down:  $250,000     Adjusted Net:  $282,663     Revenue:  $2,271,669    
Business Address:  None Given     City:  Sunnyvale     Zip:  None Given    
Attributes:  Semi-Absentee Run, Training & Support, Relocatable, Owner Financing     Cooperation With Brokers?  Yes
Commercial Construction Company Company For Sale

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For Best Results & Response, Email & Phone This Contact: Greg Carpenter at 408-898-0393 and 408-444-7528.

  Description About This Posting: Commercial Construction Company
Established in 1980's, the present owner took over from his parents in 2014 managing the family business. The business primarily serves commercial customers including some public companies located in the Silicon Valley area. The company did 154 jobs in 2019 of which 75% involved construction mostly tenant improvements and 25% were building repairs & maintenance work. The owner has a B general building contractor license and also a C-9 drywall construction license. Most of the clients are located in the Silicon Valley area, but the owner will take jobs anywhere in the San Francisco Bay Area if large enough and if margins are good enough. Most of the work is done by subcontractors. The owner has 7 employees including an estimator/salesperson, an office manager and several skilled workers..

The owner has moved his family to Texas and has been commuting from out of state for the past three years. This is the reason for the decline in sales. The owner is selling the business and the real property. The real property is in contract with a public company buyer and is scheduled to close escrow in June. The business has free rent through 12/31/20 and it is likely that the new owner will rent at market to a business buyer for a few years as there are no immediate plans to use the property. The business occupies 3,500 square feet of a 10,000 square foot building on 3/4 of an acre that is paved and fenced. A tenant has leased the remaining 6,500 square feet through 12/31/2020 plus half of the paved yard and there is no option to renew. Tenant plans to move to a larger space by the end of 2020.

To get more information about this Commercial Construction Company business for sale in Silicon Valley please phone Greg Carpenter (Broker - BRE License #:02058745) at 408-898-0393 and 408-444-7528 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #260429 on BizBen.com. In addition to phoning Greg Carpenter, make sure you email Greg Carpenter above to get more info about this Commercial Construction Company, to ask any questions or request an appointment to see this business for sale. Thank you.

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