37607-Easy Potential in Engineering Contracting Business

CA

Seller Financing Available
37607-Easy Potential in Engineering Contracting Business
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Asking Price: $4,500,000

Cash Flow: $2,220,000

Gross Revenue: $8,211,720

EBITDA: $1,374,333

FF&E: $2,057,000

Inventory: N/A

Established: 1997

37607-Easy Potential in Engineering Contracting Business

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Business Description

Servicing its county and surrounding areas from its headquarters in Northern California, general engineering construction contractor specializes in providing quality, one year-warranted site preparation, excavation, grading and paving. In addition, they service wet or dry underground utilities for private foundations, public projects and municipalities, including commercial or residential applications. As a preferred contractor for the local school system. This company operates from a 1,440-square foot facility, situated in a storage yard that is leased at a negotiable $650 monthly. With a Class A State License, tools and heavy construction equipment valued at $2,057,000, administrative space, and skilled personnel with industry experience, they have a proven track record supported by 22 years of ongoing business. With its niche’ range of amenities, strong work ethics and longstanding relationships with repeat customers setting it apart from any existing competition, marketing efforts focus on targeting and attracting clientele through word-of-mouth referral sources and truck signage. Its large customer base, a management in place, and an outstanding reputation represent significant and stable growth opportunities for a strategic buyer by increasing its product offering radius. While 2017 & 2018 held total revenues between $8M-$10M and Seller’s Discretionary Earnings of rounded $2,220,000 due to a large development contract, projections for 2019 still show $5,500,000 in gross revenue with over $1.5M in SDE. Based off of independent valuation!

Detailed Information

Inventory:
Included in asking price
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
6 - 12 months
Reason for Selling:
Approaching retirement
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IAG Buyer Division

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IAG

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