Construction Site Services and Materials Recycling Nets $4MM

VA

Construction Site Services and Materials Recycling Nets $4MM

Asking Price:$14,000,000

Cash Flow:$4,000,000

Gross Revenue:$25,000,000

EBITDA:$4,000,000

FF&E:N/A

Inventory:N/A

Real Estate:$10,000,000*

Established:2006

*not included in asking price.

Construction Site Services and Materials Recycling Nets $4MM

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Business Description

With management in place, and located in the heart of a wealthy, hi-growth market, this company offers a package of construction site development services to developers and general contractors that is completely unique in its market. The company offers traditional construction site services such as clearing, demolition, erosion control, excavation and grading, underground utilities installation and concrete, stone and asphalt work. It also, however, has the ability to integrate these services with a complete construction materials recycling facility. Cleared wood is turned into mulch and sold to landscapers and nurseries; excavated dirt is screened and sold as topsoil. Excavated stone and concrete is crushed into different grades of aggregate and either used a fill for the project or sold to other contractors. Efficiencies created by this vertical integration allow the company to offer competitive prices while still maintaining margins far in excess of the industry norm. A plant for recycling asphalt has been permitted and this product will be added to the company's offerings in 2016. It is projected to generate an additional $1,500,000 in profit.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
75
Facilities:
The company operates out of a 20+ acre yard owned by the company principal and leased back to the company. With its heavy industrial zoning, the yard is perfectly suited to host the company's construction materials recycling activities as well as its offices and vehicle and equipment shop. It is centrally located in the company's core market area and convenient to major highways. The facility is available for purchase or long-term lease. The company owns equipment and vehicles with a market value of $8 million.
Competition:
The company is located in one of the most affluent areas and strongest growth markets in the nation. The company provides a panoply of services that no other company in its market can match. It's vertically integrated service offerings allow the company to offer competitive pricing while maintaining high margins. While there are companies it its market that offer some of the services offered by this company, there is no direct competition to its full line of services.
Growth & Expansion:
The company is stable and growing. It remained quite profitable throughout the recent recession. No other recycling company in its market has the space, zoning and permits required to process wood, concrete and asphalt. Recent additions to the company's offerings as well as its rationalizing of several service lines have further increased competitiveness and margins. Based on contracts in hand, management projects significant increases over the already strong 2014 results in both top and bottom lines in 2015 and still further increases in 2016. The company has test-marketed a new line of recycled asphalt and plans to add it to its offerings in 2016. Management projects that the product will add about $1,500,000 to the bottom line. .
Support & Training:
One partner will stay with the company and continue to manage it after the change in ownership; the other will stay for a transition period.
Reason for Selling:
One owner will stay on; the other has other interests he wants to pursue.

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Don Naideck

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Don Naideck

Prime Investments

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