Construction Company in Nevada
Off-MarketReno, NV
Construction Company In Nevada
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$20,000,000
$2,000,000
10.0%
2023
30+ Days
Customers
Majority of the work is public works projects for municipalities. Company also performs subcontract work for other contractors where they have established relationships. They do some private work as well. Business focuses on heavy civil engineering projects including water mains, sewer mains, excavation, grading, and concrete work.
Customer Acquisition
The company acquires public projects through subscriptions to a bidding platform where municipalities post bids and deadlines.
Team
The company has 50 employees: all are W-2 employees except for a third-party estimator who is 1099. The majority of the work is self-performed, with 80% handled in-house; subcontracting is limited to paving and specialized mechanical work.
Owner's Role
The active owner handles project management alongside his brother, who serves as superintendent.
Reason for Selling
Two owners are in the business—one of whom is a silent/financial partner and is 65 years old, wanting to retire. The other owner is open to a full sale or remaining with the business under the right partnership or investment arrangement, willing to stay on indefinitely.
Contracts
Yes
Real Estate
The company does not own real estate but leases office space. The company does own heavy equipment, including trucks, excavators, loaders, and motor graders.
When Are You Looking to Sell
3-6 months
Licenses Required
The company holds an A-General contractor license in Nevada. The business operates as a union shop, signatory with operators, laborers, masons, and carpenters unions.
Additional Notes
First-year revenue was $500,000, second-year revenue was $7 million, and third-year revenue was approximately $20 million. The business operates with approximately 10%–15% profit margins.
Business ID: 1608
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