Commercial Construction – Absentee Owned
38 year old Commercial Building Contracting business with proven track record in multiple industries but with a specific client niche industry. Average project size is $1 to $2 million.
They have many established contracts within the industry and a stable set of subcontractors to supplement their own employees. Customers trust them to come in on schedule and on budget based on their many years of repeat business and project expertise.
Additionally, the business benefits from franchises updating their stores every few years, opening the opportunity to remodel multiple stores. The business tends to construct or remodel buildings in a 5-6 state region.
Business is absentee-owned with experienced management and staff. Buyer should have construction management experience or the ability to hire managers that do.
Seller will help to transition, but all management is expected to stay on with the Buyer to continue the business as normal.
Office & Warehouse facility located in Indianapolis with easy access to I-465 built in 1998.
Several competitors in this space, but this business does have an advantage based on their industry niche, established subs, material supplier database, etc. Although designs are updated, the process is established.