Significant, Highly Profitable Excavating Company

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Premier, $10mm in sales, Excavating Business.
Asking Price:
 Not Disclosed

Gross Revenue:
$10,000,000
Cash Flow:
$2,000,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$6,000,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This a premier, highly reputable company well known in its region. The company is a sitework contractor specializing in water, drainage, sewer and roadway work. Revenue by type of activity includes commercial site work (80%); roads and Infrastructure (15%), residential (5%).

Projects over the last 2 years included an athletic complex for a University ($5.3mm), Excavation work for a condominium project ($1.3mm), road work for the USDA ($1.1mm), an event venue $750,000 and a solar array for $930,000.
The company has grown over the years. Incisive project management, value engineering providing appropriate and often cost saving designs for projects, state of the art machinery and experienced, talented employees, contribute to delivering superior job performance.

While the business benefits from repeat and referrals, it is not dependent on one or a few customers. There is more work available than the company chooses to handle.
The owner is flexible as to the assets to be sold, some terms, and his future involvement.

About the Business

Year Established:
1996
Number of Employees:
30 to 49
Facilities:
The assets include updated equipment and vehicles in superb condition. Estimated current value of equipment is $6 million. A detailed list of equipment and the estimated value per item is available upon request. While the equipment is in superb condition, the owner realizes that a buyer may choose to not purchase all his equipment. Some additional equipment is also leased, and these leases may be assumed.
Market Outlook/
Competition:
There are certainly other excavating and road building companies. This one is known for its quality work and efficient productivity.
Growth & Expansion:
Management has chosen to complete projects only in its home state as well as limits the number of employees to 49 (during peak periods).
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About the Sale

Reason For Selling:
The owner has been involved in this business since the 1990s. He would like to
Training/Support:
The business includes a management team capable of operating the company without the owner. However, the owner will train and stay involved at the discretion of the buyer.
Seller Financing:
Seller will provide some financing for a qualified buyer

Listing Info

ID:
1536621
Ad Detail Views:
122

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Business Listed by

Country Business Inc.

Country Business, Inc.

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