Construction company focused on the construction of houses and apartment buildings

Středočeský region, Czechia

listing nr.: 230014

Photo is illustrative
Valuation 898 000 € (22 000 000 CZK)
Net debtNet debt is an indicator of a company's indebtedness. It is expressed as the amount of the interest-bearing loan minus the cash in the company.
0 €
Revenues Revenues express the total annual volume of the company's performance, which the company obtained through the sale of goods and services during the accounting period.
1 510 000 €
HistoryDuration of business operation.
20+ years
EBITDA EBITDA is a financial indicator of the company's operational performance. Annual EBITDA is expressed as earnings before interest, taxes and depreciation in a given year.
151 000 €
EmployeesThe number of employees employed in the company on a permanent employment contract as of the date of publication of the offer.
17

Basic information

The subject of the sale is a company that deals with construction activities, especially the implementation of constructions, their changes, and removal of constructions. The company focuses mainly on the construction of residential and family houses, or civic facilities. The company has more than 30 years of history, during which time the company has gained a dominant position and position in the construction market in its district.

Every year, the company implements approximately 10 new orders. The company currently employs 17 people at HPP, the owners want these jobs to be ideally maintained after the sale.

The existing partners are also the company’s executives on the basis of employment contracts, they currently hold the positions of production manager and head of the technical and economic department. After the sale of the business, the owners are willing to play the role of managers for a limited time, but in the longer term, the new owner will have to find a replacement for these positions. The company is fully functional and can operate continuously after its acquisition by the new owner.

The company is located in a rented building, which is currently owned by individuals, the owners of the company. The value of this building incl. of land is estimated by a real estate agent at CZK 20 million.

The basic price for a 100% share in the company is set at 29.5 million CZK, while this value includes all tangible and intangible assets of the company, including working capital (inventories, receivables, liabilities and cash) in the amount of 10 million CZK. The amount of working capital may be higher or lower on the day of sale, so the price would be adjusted according to the current situation.

The company’s price of CZK 29.5 million already includes tangible assets in the amount of CZK 15.2 million in purchase prices and CZK 10 million in working capital. The alternative is to sell the company together with the real estate owned by the owners, in which case the price would be CZK 19 million higher.

The existing partners are also the company’s executives based on employment contracts, they currently hold the positions of head of production and head of the technical and economic department. After the sale of the business, the owners are willing to assume the role of executives for a limited period of time, but in the longer term, the new owner will have to find replacements for these positions. The company is fully operational and can continue to operate immediately after being acquired by the new owner.

Tangible assets

  • MERCEDES-BENZ truck
  • ATEGO container carrier + containers
  • CATTERPILLAR backhoe loader
  • 9x passenger and commercial vehicles
  • Desta forklift
  • Compressor
  • 5x construction and residential container
  • Scaffolding (tubular, HAKI, RUX, etc.)
  • 2x construction lift LOSP 200
  • System formwork
  • Vibration technology (plates and rammers)
  • Block, band saw and circular saws
  • Heaters, dehumidifiers
  • Other electric and hand tools
  • Office equipment, including computer technology
  • Minolta copier
  • Other

Net working capital

  • 10.000.000,- CZK in working capital included

Intangible assets

  • contracts with customers
  • client database
  • website
  • stable work team

Real estate owned by the company

Storage facilities

  • land area: 1909 m2
  • built-up area 486 m²
  • Real estate for rent

Office building:

  • land area: 1108 m²
  • building area: 553 m2
  • rent: 230 thousand CZK / year
  • estimated value: CZK 20 million

This property may or may not be part of the sale – see sales variants listed above.

Currently paid rent in the amount of 230 thousand. CZK / year is fundamentally lower than the market, therefore in the case of the acquisition of a company without real estate, the rent would increase to 540 thousand. CZK / year.

Employees

  • 17x employee at HPP

Indebtedness

  • the company has an overdraft facility with a credit limit of CZK 1,500,000, it is not currently drawn

Total annual sales

  • 2018: CZK 39 million
  • 2019: CZK 73 million
  • 2020: CZK 67 million
  • 2021 (estimate): CZK 70 million

Annual profit before tax and depreciation (EBITDA)

  • 2018: CZK 0 million
  • 2019: CZK 6.2 million
  • 2020: CZK 5.4 million
  • 2021 (estimate): CZK 3.9 million

Note: the EBITDA calculation was adjusted to reflect the company’s profitability if it paid the market amount of rent for leased premises in the amount of 540 thousand. CZK / year.

Other information

  • Duration: 30+ years
  • Reason for sale: age of owners
  • Legal form: s.r.o.
  • Subject of sale: 100% share in s.r.o.

 

I am interested

Ing. Tomáš Šuverík

managing director

+420 731 788 155
suverik@inbase.cz

If you are interested, contact us!

We will be happy to provide you with more detailed information after signing a non-disclosure agreement (NDA).