Long-Established, Profitable, Excavation Co. in Boise

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Great cash flow!
Asking Price:
$500,000

Gross Revenue:
$782,103
Cash Flow:
$215,522
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$183,352
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The company specializes in handling small (up to $150,000) site-preparation and excavation work on water connection/repair/service related jobs in the Boise area. The company is bonded to work in the right of way on roads and streets. Company management is proud to take on challenging jobs and complete them on-time with quality workmanship and with competitive rates. The company is an approved and preferred contractor for the main water utility for over 18 years.

The company provides the following services:

· Fire Hydrant Repair

· Water lines

· Underground Utilities

· Demolition

· Back filling

· Earthwork

· Excavation

· Grading

· Septic Drain Field Installation

· Pond reconstruction/Gabion Walls

The ideal buyer is an individual who is experienced in construction excavation contracting or related complementary businesses such as roadwork, paving, or general contracting is an ideal candidate to purchase this business. Additionally, prior management/supervisory experience and a general business background would very helpful.

If you have management experience, and at least 10% of the purchase price in cash (or in your IRA or 401k)* for a down payment, this business could be yours. The seller is willing to provide some financing. The business has been pre-approved for financing by a lender.

*Note: There is no need to withdraw any funds from your IRA or 401k to purchase a business. There are special financing programs available that allow your use of retirement funds without taking a taxable distribution. Please contact the Business Intermediary listed in this document for a personal introduction to these resources.

About the Business

Location:
Boise, Idaho
Year Established:
1986
Number of Employees:
4 FT
Relocatable:
Yes
Facilities:
The seller does not own or rent a commercial building/property for the company’s use. When the company’s equipment is not in use, it is stored at the seller’s personal residence. A new owner will likely need to have an existing storage yard or be able to acquire one (rent or purchase) for the equipment. Typically, the company works year-round and the need for equipment storage is minimal. The seller believes that a one-half acre site would be more than sufficient for equipment storage.
Market Outlook/
Competition:
The main water utility company vets and approves only a small number of contractors to install and repair water connections in the Boise area. The company has been on the approved list for over 18 years. Once approved, a contractor is subject to annual review of performance, must follow stringent guidelines and complete a master service agreement every three years. The company has remained on the approved list while other contractors have not been approved or retained. Currently, the main water utility company has 10 approved contractors according to local management for the water utility company.
Growth & Expansion:
There is growth potential and long-term stability due to the steady flow of jobs from repeat satisfied customers. Adding another crew and a a part-time bookkeeper could allow the company to almost double its earnings.
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About the Sale

Reason For Selling:
The owner is ready to retire after 40 years.
Training/Support:
Will train for 4 weeks @ $0 cost.
The ideal buyer is an individual who is experienced in construction excavation contracting or related complementary businesses such as roadwork, paving, or general contracting is an ideal candidate to purchase this business. Additionally, prior management/supervisory experience and a general business background would very helpful. Buyer must have or obtain Idaho Contractor's license.
Seller Financing:
$50k down/$50k for 36 mos. @ 5%/Other Financing.

Listing Info

ID:
1662773
Ad Detail Views:
0

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Business Listed by

Sheila Spangler

Murphy Business & Financial Corporation
License# AB29222

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Sponsoring Broker:

Rodney R. Wolfe, CMA, CCIM, CMAI, BCI
Murphy Business & Financial Corporation
License# LC38655


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