Charlotte NC Site Development Company $5.5MM FFE Incl.
Business Description
Site Development Company
The Site Development Company is renowned for its integrity, exceptional value, and timely completion of projects. The company was envisioned to be a premier clearing and grading contractor, capitalizing on the burgeoning market near Charlotte, North Carolina. Starting modestly with just a shovel and a skid steer, the company has since expanded, now boasting a full team and a comprehensive suite of equipment. This growth has solidified the company's reputation as a dependable and well-recognized entity in the region.
The foundational principles of providing good value, standing behind their work, and ensuring timely project completion continue to be the bedrock of the company. With a workforce of 39 employees, the company is strategically positioned to leverage the expanding Charlotte market and sustain its influential presence in the construction industry.
The owner is considering various future paths, including a complete exit or a continued role focusing on areas of expertise such as business development, field operations, and support. This transition would ideally allow a potential partner or company to assume responsibility for sales, marketing, administrative and financial tasks, thereby facilitating continued growth and success.
The company has averaged $2.0M in EBITDA on $12M in sales in 2022 and 2023 and hit nearly $17M in sales and $2.5M in EBITDA in 2024. Contracted work has the company on track to at least replicate 2024 in 2025.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
The foundational principles of providing good value, standing behind their work, and ensuring timely project completion continue to be the bedrock of the company. With a workforce of 39 employees, the company is strategically positioned to leverage the expanding Charlotte market and sustain its influential presence in the construction industry.
The owner is considering various future paths, including a complete exit or a continued role focusing on areas of expertise such as business development, field operations, and support. This transition would ideally allow a potential partner or company to assume responsibility for sales, marketing, administrative and financial tasks, thereby facilitating continued growth and success.
The company has averaged $2.0M in EBITDA on $12M in sales in 2022 and 2023 and hit nearly $17M in sales and $2.5M in EBITDA in 2024. Contracted work has the company on track to at least replicate 2024 in 2025.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
About the Business
- Years in Operation
- 19
- Employees
- 40
- Facilities & Assets
- As the company operates primarily remotely, there is only a small office space. Office space beyond a home office is not required to operate the business.
- Market Outlook / Competition
- While there are several site development companies in the area, the company has a premier reputation. It competes primarily on quality and timeliness, but also operates very efficiently, making the company price competitive.
- Opportunities for Growth
- The company could readily expand by targeting commercial grading projects rather than its current focus on residential site development. A dedicated business development / sales person could also substantially grow the business.
About the Sale
- Seller Motivation
- Wants to see the company grow under new leadership.
- Transition Support
- To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed for three months, and up to six months as on-call consultants, or as negotiated.
- Financing Options
- TBD if the structure and terms are acceptable.
Listing Info
- ID
- 2259826
- Listing Views
- 3588
Listing ID: 2259826 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleNorth Carolina Businesses for SaleNorth Carolina Building & Construction Service Businesses for SaleNorth Carolina Other Services Businesses for Sale
Similar Listings
Specialty Commercial Building Services – High Margins & Robust BacklogMecklenburg County, NC
Specialty Commercial Building Services – High Margins & Robust BacklogMecklenburg County, NC
