PM Firm Specializing In Military Bases

Business Overview:

A professional PM firm that plans and manages renovations and maintenance for military bases across the upper West Coast. Clients are 90% Federal/Government and 10% private, including the VA, Navy, US Coast Guard, Army, and School Districts. There are typically 25-30 active jobs concurrently which represents a current WIP of $78,000,000. Project types include Medical & Hospital 45%, Vertical Structures 40%, and Heavy Civil 15%. A highly developed leadership team is in place where there are about 55 key employees, including a President, CFO, 4 Project Managers, 2 Engineers, 5 Superintendents, 2 Foreman, 5 Estimators, 4 Quality Control, plus Admin, IT, and Assistants. This allows the owner to work remotely, spending only 10 hours per week providing “strategic vision” to the leadership team. They have a 4+ year backlog with multi-year contracts in place. The Seller is willing to stay 3 years post-close and will also offer a promissory note and/or equity roll of 30% as a sign of good faith. With the purchase, a buyer would receive $3.4M in assets, including working capital and the vehicles and equipment needed to continue successfully. CapEx remains very low at less than $200K per year. Reoccurring clients are the VA, Federal Government, and the US Military. There will not be any impact on this business should there be a recession, Government shutdown or upcoming election. In fact, due to the 2022 US Infrastructure Bill, this business will have organic growth as the Bill has literally billions of dollars in set asides for our military bases.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Additional Details:

Documents:

Relevant Links:

• View more Washington businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker