The Company is a site preparation contractor primarily engaged in excavation and underground utility work. The Company’s average construction engagement generates $300,000 in revenue; however, projects can range from $80,000 up to $1 million, depending upon the work being completed and duration of the job. Completion times can vary from as little as 3 months for small projects up to 18 months for large, detailed engagements. Customer base mainly consists of general contractors operating in the multi-family residential, commercial, and light industrial construction segments. The Company’s staff totals 12 full-time, non-union personnel, inclusive of the sole shareholder.
• Contract backlog of $1.2 million; the majority of which is projected to be realized as revenue over the next 12 months.
• Customer base of 16 active accounts operating in the Company’s geographic region
• Management estimates the Company maintains an average 20% bid success rate on all projects
• The current shareholder is willing to remain with the Company during a brief period to ensure a smooth transfer of ownership
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