Listing ID: 82378
Every successful development begins with complete site prep! This civil contracting company provides all earthmoving and preparation service any large project demands. They service commercial and governmental clients in a diverse range of project types. Their services include road projects, paving, developments and subdivisions, large site industrial and retail, excavation, and utility installation. The company also specializes in road and bridge development, municipal developments, as well as commercial lots. The construction company services 3 states in Eastern U.S.!
The company has an office located in Kentucky and a storage area in Virginia. Combined, there two properties are around 6 acres total. This company has office staff as well as 90-130 laborers, operators, and pipe layers depending on the season.
This company has a wide range of clients. Some of the clients include large department stores, and schools. One of the company’s other large clients is the U.S. government. This company services the government with school, prison, and military construction projects.
Priced at $15,070,000, and with a 20% down payment, this business is expected to return $453,648 to a new buyer in the first year! Construction is a fast paced and competitive market; but with high quality work, fast completion, and quick mobilization, this company continues its success in serving demanding clients.
- Asking Price: $15,070,000
- Cash Flow: $2,504,081
- Gross Revenue: $23,129,882
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2003
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:90
- Furniture, Fixtures and Equipment:N/A
Lease: 4,000 sq ft office for $4,000/month which includes 4 ½ acres of land; as well as a 1 ½ acre storage area in VA for $1,000/month
Up to 3 Years Transition
The business was founded in 2003, making the business 19 years old.
The business has 90+ employees and resides in a building with estimated square footage of 4,000 sq ft.
The building is leased by the company for $4,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. However, the true factor and the one they tell you may be 2 totally different things. For instance, they may say "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be reasons to try to hide the reality of altering demographics, increased competitors, recent reduction in incomes, or a range of various other factors. This is why it is extremely vital that you not count totally on a seller's word, yet instead, make use of the vendor's response combined with your general due diligence. This will repaint a much more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover points like supplies, payroll, accounts payable, etc. Remember that in some cases this can suggest that profit margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be fulfilled or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract brand-new customers? Most times, operating businesses have repeat consumers, which create the core of their daily revenues. Certain aspects such as new competitors growing up around the area, road building, and personnel turnover can influence repeat clients and adversely affect future earnings. One crucial thing to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the greater the chance to develop a returning client base. A last thought is the general location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Exactly how might the local median home income influence future income potential?