The phrase describes an present enterprise entity working within the building {industry}, the place its major perform is to handle and oversee building initiatives, supplied for buy to a brand new proprietor. This enterprise sometimes possesses established operational procedures, consumer relationships, and probably, a workforce of workers. An instance features a firm specializing in residential renovations with a confirmed observe report and an present portfolio of initiatives now accessible to accumulate.
The provision of such a enterprise gives a probably accelerated entry level into the development market. This feature can provide benefits equivalent to a right away income stream, pre-existing vendor relationships, and a recognized model presence. Traditionally, buying a longtime enterprise on this sector has been a technique for increasing market share shortly or having access to a specialised service providing.
