Commercial Rigging and Construction Services Company
Price: $2,100,000
Annual Revenue: $3,740,712
Net Cash Flow: $858,530
Industry: Construction
Location: Metro Area of, Washington DC
Founded more than 50 years ago, 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.
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.
- 40,000 sq. ft. warehouse / 5,000 sq. ft. office space / Total yard space 4 acres
Business Highlights:
- The business has a strong team with an excellent regional reputation.
- Machinery and equipment have been valued at over $900K.
- 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.