Synergy Business Brokers has many years of experience selling exterior construction businesses. If you want to sell your exterior construction company, we offer a free consultation. Whether you are interested in selling a company that installs roofing, siding, windows, facades, gutters, garage doors, awnings, signs, painting, concrete, pools, decks, lighting, and more; we have potential buyers interested in buying these types of companies that have a yearly net income of $250,000 to $7 Million.
Some of our prospective buyers are interested in purchasing commercial exterior construction companies, and some are interested in acquiring a residential exterior renovation business or a company that handles both. You can read about our 15 step sales process, which is designed to sell your exterior contracting company quickly, confidentially, and for the highest price.
Potential buyers of construction companies range from public and private construction companies to private investment firms and engineering, architectural firms, and companies in related industries. In addition, some wealthy entrepreneurs are interested in acquiring profitable renovation and remodeling companies. Characteristics of construction businesses that draw the most interest are companies that have some of these qualities:
Construction companies tend to sell for a multiple of their annual net income. The size of the multiple depends on how many desirable factors the construction company has from the list above, as well as other criteria. But if you look at what they sell for on average on databases of closed deals such as bizbuysell, it’s usually about 2 to 2.5 times your annual net income. So, if your net income is $500,000, then the selling price is typically between $ 1 million and $ 1.25 million. We represent sellers and get paid a percentage of what the construction company sells for, so we will try to maximize your sales price, but keep in mind that it has to be priced within reason to attract potential buyers.
Most of our clients are in their 60s or 70s and are selling their business to retire. There has to be a motivation to sell other than price; otherwise, an owner is better off just continuing to work at their company. You can read about some of the other reasons why an owner decides to sell a profitable business and our article on choosing the right time to sell your company.
If you think you might be ready for a confidential consultation, please fill out our seller registration, or call (888) 750-5950. We have Business Brokers with experience selling construction companies in CA, CT, IL, LA, MA, NJ, NY, NM, PA, and TX, and we sell companies in most states in the U.S. We look forward to speaking with you and discussing whether the timing might be right for you.