High Margin General Contractor With Great Reputation

Business Description

Available for sale is a general contractor that works all over the Denver area, fully staffed up, and with a reliable and loyal book of subcontractors.

This Class C General Contractor got its start through creating great relationships in the insurance industry and a focus on high-margin jobs. While this company specializes in residential construction, the company won’t even accept jobs with less than 30% gross profit margins, and takes on jobs with an average gross margin between 35% and 40%.

With an average revenue per job of $23,000 in 2020, this company has done a great job in winning profitable work all over the Denver area. They have about $1,176,000 of bids outstanding with 10-12 leads waiting to be scheduled for quote. A new buyer will walk into immediate revenue and a huge backlog of work, right on time to capitalize on the huge step change in growth already seen from 2020 to 2021.

This company continues to getting 2-3 job requests per week and they have a bid win rate of about 30-40% without having to compete for lowest price. When it comes to insurance claims, their bid win rate shoots up to 80% with the associated work having the benefit of being highly lucrative (i.e. high margin).

The company has all the critical roles already in place, including a full-time project manager with construction/handyman skills, two sales/estimator roles, and an administrative / back office manager.

This business is run efficiently, leveraging a CRM and other systems and processes that a potential buyer can step into quickly and continue to grow by driving more leads and bidding out more work.