Listing ID: 76622
This fully licensed and insured company is truly a Turn-Key Business! The owner has reduced the selling price and is motivated to sell. The Business operates with a diverse fleet of newer, well-maintained machinery and equipment. With its experienced staff, resources, and excellent work history, many avenues in the residential and commercial construction industries have been developed. The Business has a formidable Internet presence and has built a major, referral-based clientele over the years. Foundations, driveways to new home sites, land preparation, utilities, and countless other ventures are completed in new and restoration projects obtained by this Business.
The Business targets nearby High Mountain Communities where there is an unlimited source of work, including excavations, commercial reconstruction, new home-site foundation development, private road grading and driveway prep, septic system installations, utility projects, large demolition projects. The wide array of clients includes Commercial General Contractors, State and Local Government Agencies, Property Management Companies, Ranchers, and Homeowners.
This Business also repairs and replaces water and sewer lines. This share of work is facilitated by the ownership of a state-of-the-art, positional Sewer Camera System, one of a very few available in the region. Additionally, the Business owns Pipe Fusing Equipment, with two of its employees being qualified Pipe Fusers. The company also utilizes specialized equipment for rugged mountain terrain, providing the unique opportunity to offer its customers especially important, robust, and durable options for high mountain utility projects. The Business collaborates with high-end landscapers, engaging specialty projects including rock and boulder wall projects, aesthetic berms, contour sloping, private roads, and custom pond excavations. A significant snow route into the high-country mountain communities generates consistent revenue during the winter months.
- Asking Price: $825,000
- Cash Flow: $133,000
- Gross Revenue: $750,000
- EBITDA: $133,000
- FF&E: $985,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The Business utilizes 20 acres of leased land with a 45ft x 75ft x 18ft metal Clear Spanned Building being commissioned for use as storage and office space. The Business has an extensive array of construction equipment including four Excavators with multiple attachments, Skid Loaders, and various Heavy Duty Pick-up Trucks. A full equipment list will be available with a signed Non-Disclosure Agreement.
Seller will provide training for a negotiated period of time following close of escrow.
Operation of the business competes with time needed for owner's young family.
The demand exceeds the ability to supply. The burgeoning population within the region has led to a significant uplift of available projects There is enough for all competing companies to have sufficient work with the ability to grow. The Business acquires a significant amount of work through referrals, repeat business, and has contracts with local Home Owner Associations and Property Management Firms servicing over one thousand two hundred properties.
The company has outgrown the owners capacity to operate. The Business is capable of far more than the owner is willing to give, and the Business is capable of growing as big as the owner is willing to make it. Pros: The opportunity is very much available. Cons: In order to grow this company to maximum potential, it will require a larger office staff, an extended work crew, and additional upper management to oversee growth.
The company was started in 2019, making the business 3 years old.
The business has 6 employees and is situated in a building with approx. square footage of N/A sq ft.
The building is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. Nevertheless, the genuine reason vs the one they say to you may be 2 completely different things. As an example, they may state "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these may simply be justifications to attempt to hide the reality of changing demographics, increased competitors, recent decrease in revenues, or an array of various other factors. This is why it is very essential that you not depend absolutely on a vendor's word, however instead, make use of the vendor's response combined with your general due diligence. This will paint an extra sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover items such as inventory, payroll, accounts payable, etc. Remember that sometimes this can mean that revenue margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new consumers? Many times, businesses have repeat clients, which create the core of their everyday profits. Specific aspects such as new competition growing up around the location, roadway building, and also employee turn over can influence repeat customers and also adversely influence future revenues. One important point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the greater the opportunity to construct a returning client base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the local average family earnings effect future revenue potential?