MergerPlace

Bazzani Building Majority Stake for Sale

Grand Rapids, Michigan (Kent)


  • Asking Price: $400,000
  • Gross Income: $3,500,000
  • Cash Flow: $144,400
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #211241
  • Established: 1996
  • Employees: 4

Business Description

The asking price displayed is for the 55.6% equity stake that is available.
Founded in 1996, Bazzani Building Company is a Grand Rapids, MI-based building and development firm. The Company’s exclusively “green” services range from initial planning and design to construction management and building. Bazzani has developed a stellar reputation for its sustainable building and historic preservation projects. The Company is recognized as a “Triple Bottom Line” B-Corporation which has achieved “Best for the World” designations by B-Lab since 2016. On top of that, the proximity to real estate projects provides the opportunity for owners to become partners in development projects and earn additional income.
The Company is led by Guy Bazzani and three minority shareholders, each of whom brings their own commitment and expertise to the business. Mr. Bazzani is seeking to sell his equity stake in order to fully retire. Presently, the company runs largely without his oversight and he spends considerable time sailing in the Caribbean. This is an excellent opportunity for a new primary owner to step in to a well-oiled machine and champion this highly reputable company.
A related real estate brokerage is also available for sale.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency.
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Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you. The owner’s contact information will be provided in the CBR. They will be happy to correspond and answer your questions directly. Thank you for your time!
Image credits to https://precondo.ca/


Business Details

Primary Business Category: Construction - Building, Developing
Location: Michigan
Metropolitan Area: Grand Rapids
County: Kent

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4

Financial Information

Asking Price: $400,000
Gross Revenue: $3,500,000
Cash Flow: $144,400
EBITDA: $80,207
Seller Financing Available: Yes

Property Information

Facilities:

The Company operates out of a 3,000 square foot facility, which includes storage space.

Growth & expansion opportunities:

(1) Expansion of Service Area: While currently serving Mid- and West Michigan, the Company could expand its area of service to build new business. (2) Sales and Marketing: The Company could increase its sales and marketing to more aggressively seek new clients.

Competition:

(1) Well-Established: The Company is profitable and highly reputable, which relieves a new principal owner from the responsibility of having to build a new client base from the ground up. (2) Substantial Opportunity for Additional Income: The owners of the Company are often able to opportunistically become partners in the development entities and earn additional income from projects. (3) Strong Project Pipeline: The Company’s pipeline includes projects valued at several million dollars. (4) Community Leader: The Company sees responsible business as a vehicle for improving the economic, social and environmental health of the community it serves. The Company’s efforts inspire residents, businesses, non-profits, and municipalities to collaborate and thrive. (5) Green Building Leader: The Company completed the first LEED-certified project in Grand Rapids and the first LEED double-Gold certified project in the world.

Reason for selling:

Retirement

Support & Training:

The seller is willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC