The phrase describes an current enterprise entity working within the building {industry}, the place its major operate is to handle and oversee building tasks, supplied for buy to a brand new proprietor. This enterprise usually possesses established operational procedures, shopper relationships, and probably, a crew of staff. An instance features a firm specializing in residential renovations with a confirmed observe document and an current portfolio of tasks now obtainable to amass.
The provision of such a enterprise supplies a probably accelerated entry level into the development market. This feature can provide benefits resembling a right away income stream, pre-existing vendor relationships, and a identified model presence. Traditionally, buying a longtime enterprise on this sector has been a technique for increasing market share rapidly or getting access to a specialised service providing.