The phrase describes an existing business entity operating in the construction industry, where its primary function is to manage and oversee construction projects, offered for purchase to a new owner. This business typically possesses established operational procedures, client relationships, and potentially, a team of employees. An example includes a company specializing in residential renovations with a proven track record and an existing portfolio of projects now available to acquire.
The availability of such a business provides a potentially accelerated entry point into the construction market. This option can offer advantages such as an immediate revenue stream, pre-existing vendor relationships, and a known brand presence. Historically, acquiring an established business in this sector has been a strategy for expanding market share quickly or gaining access to a specialized service offering.
