Listing ID: 80900
Business Overview
Be a part of one of the fastest growing areas in our country in one of the hottest sectors of our economy. Commercial and Residential real estate is going to keep growing, so now is the time to capture your piece of the market share. A full-service excavation/ contracting company that services Boise and surrounding areas. Take on and continue to grow this well-established business with a great client base. This business specializes in site preparation, water & sewer utility installation, dirt work, driveways, concrete and asphalt preparation, road building for commercial and residential construction. The sale includes equipment, customer relationships, millions of dollars of work ready to go in 2022. There is competition in this field, but due to the volume, quality of work and industry relationships, this company is very busy and has not had to look for work in over 10 years. Business continues to grow and great customer service helps make them a stable, profitable company. A very good mix of commercial and residential projects with some of the most respected builders and developers in the area.
Financial
- Asking Price: $5,495,000
- Cash Flow: $969,940
- Gross Revenue: $3,276,637
- EBITDA: N/A
- FF&E: $2,200,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Buyer to secure a location to run this business.
Sellers are available to assist for up to 45 days.
Retirement.
Although, it is a competitive industry CWE has not had to go find work for over 10 years. Their reputation brings them more business than they can sometimes handle.
This is the perfect opportunity for an individual, or a company currently in this category looking to expand to jump in and take it to the next level. The company currently does not advertise and the majority of its annual revenues are generated from repeat business. The Company has long-standing established relationships with its vendors and customers that will carry on with new ownership.
Additional Info
The company was started in 2010, making the business 12 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. Nonetheless, the true factor and the one they say to you might be 2 completely different things. As an example, they may state "I have way too many other commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competitors, recent decrease in earnings, or an array of various other reasons. This is why it is extremely vital that you not depend totally on a seller's word, yet rather, make use of the seller's solution in conjunction with your total due diligence. This will repaint an extra reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover points like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that revenue margins are too tight. Many companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new customers? Many times, businesses have repeat consumers, which create the core of their everyday earnings. Particular factors such as brand-new competition growing up around the location, road building, as well as personnel turn over can affect repeat customers as well as adversely affect future profits. One important point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the better the opportunity to develop a returning customer base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional median house income effect future revenue potential?
