General Contractor?
Hey Folks, I'm a self funded searcher. My objective is to buy a business that can cash flow. No need to 20x the business. I'm looking at a general contractor that has had consistent growth YoY for the last 5 years. They have a very strong marketing engine, 14% SDE margins with almost no employees (fully subcontracted labor) so asset light. Yes, it's project revenue (remodels, ADUs, etc.), but seems consistent. I don't think the owner brings a magic to the process that couldn't be replicated (I fully understand there will be a learning curve but less key-man risk.) And because it's asset and people light, it's very expandable. It's also in a high income area which are more buffered from recession. What are your thoughts on this?