Leading Commercial Rigging And Construction
Not Disclosed, DC Not Disclosed
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- RE: Leading Commercial Rigging And Construction
- Contact: John Geaneotes
Quick Facts
| Asking Price: | $2,100,000 | |
| Annual Revenue: | $3,740,712 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $858,530 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1969 | |
| Employees: | 17 | |
| BBN Listing #: | 979135 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Founded in 1969, the company is a privately owned commercial rigging, hauling, storage, and crane services business in the Washington, D.C., Metro area. It has performed projects for high-profile general contractors, government agencies, museums, and Fortune 1000 clients who trust it with complex projects.
The company has built a strong reputation with repeat customers in the industry and region, such as Turner Construction, GE Medical, and various government agencies. The company is poised for acquisition with a $2.4M backlog and many high-potential bids in the marketplace. Key employees are willing to accommodate a transition period or employment contracts.
Employees: The company has 17 employees, including the President, and has a union-based workforce, which is key to accessing the client base.
Business Highlights:
· The business has a strong team with an excellent regional reputation.
· Machinery and equipment have been valued at over $900,000.
· Profitable, with excellent cash flow and ability to expand services and regions.
· Word-of-mouth referrals keep the business busy without advertising.
· Easily expandable services in a high-growth region with access to high-profile customers.
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Property Features and Assets:
Location: Washington DC Metro, 12-Month Lease, expiring July 9, 2025, $39,000 monthly.
- Triple Net: Annual Real Estate Taxes $55,000. /Annual Insurance $8,000. / Annual Utilities $23,000;(6) Month Extension Option at the same monthly lease amount.
- Approximately 40,000 square feet warehouse / 5,000 square feet office space / Total yard space 4 acres
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more District of Columbia businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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