Listing ID: 82105
This turnkey excavation and renewable energy related business is primed to benefit from the high demand for renewable energy projects like windmill farms that require massive amounts of excavating, compacting, and seeding. They are also primed for success with Congress in process of passing a trillion dollar infrastructure plan. Many contracts are already in place for future months and years, and the seller is willing to stay with company for a while to ensure a smooth transition. Qualified licensed haulers are hard to come by, and this business has approximately 15 experienced drivers.
- Asking Price: $13,300,000
- Cash Flow: $2,066,297
- Gross Revenue: $6,097,122
- EBITDA: N/A
- FF&E: $8,341,750
- Inventory: $300,000
- Inventory Included: Yes
- Established: 2013
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
This business is located in the upper Midwest and is near a popular tourist/lakes area. The business sits on a beautiful 10 acre lot in the country with an extremely large warehouse (over 12,000 sq ft) and a large gravel parking lot to store many excavating trucks and equipment. The listing includes approximately $8,300,000 of equipment including several Peterbuilts, Ashland scrapers, seeders, and much more. The real estate also includes a 5 bedroom residence, pasture, horse barn, and several sheds. (Home Based)
Will train for 2 weeks @ $0 cost. This business offers a variety of hauling services with a full line of trailers including flat beds and side dumps. They perform heavy hauls and special services such as hydroseeding with their extensive seeding equipment. They also offer many other complex logistics.
There are several large scale excavation businesses in the upper Midwest, but this one wins many contracts with their non-union labor force of 15 licensed drivers and are willing to cover several states in the upper Midwest.
There is a huge potential for growth in this industry with all the renewable energy demands and with the new infrastructure funding from the Federal Government.
This Business Is Home Based
The business was started in 2013, making the business 9 years old.
The deal shall include inventory valued at $300,000, which is included in the requested price.
The business has 15 FT employees and is located in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. However, the genuine factor and the one they say to you may be 2 entirely different things. As an example, they may say "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or a variety of various other reasons. This is why it is extremely crucial that you not depend totally on a vendor's word, yet instead, use the seller's answer along with your general due diligence. This will repaint a more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover items such as stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that earnings margins are too small. Many businesses fall into 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 think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in brand-new clients? Most times, businesses have repeat clients, which form the core of their everyday revenues. Specific elements such as new competition growing up around the area, roadway building and construction, as well as employee turnover can affect repeat customers and also negatively affect future revenues. One important thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business often, the greater the opportunity to build a returning consumer base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the local median family earnings effect future earnings potential?