Listing ID: 73272

Business Overview

-50 Years in Business
-Demand Exceeds Current Capacity
-Longstanding Subcontractor-Based Model
-6 Month Owner Transition

A rare opportunity to acquire a fifty-year-old Northeast Ohio general contracting name whose founder is retiring  with far more demand than
he chooses to serve. The owner is turning away 15-20 projects per month. A new owner would be able to capitalize on the existing demand a fifty-year-old business generates.

Founded  in 1970’s by a union-trained carpenter who had been building custom homes since 1969, the Company has completed thousands of projects across Cuyahoga, Lorain, Lake, Summit, Geauga, Ashland and Ashtabula counties: custom attached and detached garages, room additions and second stories, kitchens, baths and basements, roofing and siding, high-end home-theater rooms, and—increasingly—government-funded lead-abatement work where it is often one of the only bidders.

The Company runs on a subcontractor model. The owner sells, designs in CAD, estimates from a decades-old price book, pulls permits, and project-manages; framing, foundations, roofing and finishes are performed by a network of subcontractors he has worked with for up to twenty years, and licensed electrical, plumbing and HVAC work flows through two affiliated companies he also owns.

Written fixed-bid contracts, milestone deposits, formal change orders, lien waivers and a signed “Instructions to Subcontractors” program mean the business carries almost no receivables and needs little working capital.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

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FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $360,000
  • Cash Flow: $157,000
  • Gross Revenue: $700,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.