Asking Price: $500,000 Gross Revenue: $782,103Cash Flow: $215,522 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $183,352 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
· Back filling
· 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
Number of Employees:
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.
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.
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.
Long-Established, Profitable, Excavation Co. in Boise
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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