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Reference: NPRH001

ID: MV1558

Well-Established Building Construction Business In Belize

Belize

The business builds high end homes and does remodels. They are also set up to mix and pump concrete.

Reference: NPRH001

ID: MV1558

Register Interest
Revenue:
$1.62m
Profitability:
22.9%

Industry Overview

Their market is in San Pedro, Belize. The area is booming. The growth is happening north of the developed area. People find them through word of mouth and internet,

Location

San Pedro, Belize.

Business Description

A great opportunity to have a well established and profitable business in San Pedro Belize. The owner moved there from Colorado 15 years ago and started his own construction business.

There is plenty of work to bid on, as the area continues to grow, plus there is always remodel work. The equipment is there along with a good group of employees and foremans. The equipment is well maintained and the business has a very good reputation in the area.

Their work shop and office is located on 170’ x 200 sq. The work shop is 50’ x112’. A security hut is a small office and living quarters at 272sq. ft. A workers quarters at 702sq ft. and a cistern at 9’ x 50’.

Business Strengths
  •  Long term reputation of customer satisfaction and referrals.
  •  Well maintained equipment.
  •  Experienced and long-term employees
  •  Great location for development.
  •  Experience in getting licenses, permits, shipping in inventory and equipment.
  •  Handling the banking system in the country.

Financial Summary

With an asset purchase, the total asking price is $2,200,000 for the business and real estate. There is about $715,700 in Furniture, Fixtures, and equipment. That figure can vary a bit, depending what has been purchased or gotten rid of since the equipment list was done. The Real Estate is valued at $700,000. That leaves $784,300 in Goodwill.

2021 Figures:
  • Sales Revenue - $1,615,148
  • S.D.E - $369,467

Investment Rationale

The owner wants to retire and is ready to sell. They are willing to train for 30 days at no charge.

He does have everything set up so a new owner will have a turn key business except to replace him as the overall manager to oversee the operation.

Customer Overview

The business is continually bidding on jobs. Some they are bidding on are very large projects. Right now the largest job they have bid on is 600 million dollars.

An established, well satisfied, customer base is necessary to ensure ongoing business. They have built up customer loyalty that developed over the years because they did the job right. Many of the local realtors businesses now can refer to them.

Product Overview

Today, the Company generates revenue through:
  1. Construction of upper end residential.
  2. Construction of commercial buildings
  3. Concrete mixing & pumping (the only one on the island.
  4. Cover all aspects of the job: Permits, utilities, landscaping, swimming pools, decks, and docks.
  5. Rent out equipment and provide the labor to run the equipment.
  6. Remodels

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.