Business Summary:
This B2B (Business to Business) General Contractor services a variety of residential property management companies in the San Antonio area primarily for residential rental properties. It has been established for 15 years and has profit margins of 23-27%. Contractor has exclusive sub-contractors that perform most of the work (framing, plumbing, landscaping, painting, electrical, sheet rocking, etc.) and a couple of make ready handymen that perform the small tasks (which are highly profitable). The owner has restructured some in 2009 so that it is easier to manage and is more profitable. New owner needs to be somewhat familiar with construction, familiar with managing multiple tasks at the same time, and able to perform billing functions (does not have to be a certified contractor). Opportunity for growth in existing client base and additional clients (both residential and commercial property management companies.
All of the business is recurring from existing customers and new business is being turned away due to workload. Owner wanted to keep the business at current size to accommodate lifestyle (off in the evening and the weekends). The owner is willing to have extended transition to work with client and sub-contractor relationships and to finance for capable buyer. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. Call Doug Scheiding at 210-348-8989 or email at info@sunbeltsa.com for more information.
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