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