71182 - Excavation, Boring and Utility Contractor

TX

Seller Financing Available
71182 - Excavation, Boring and Utility Contractor

Asking Price:$7,750,000

Cash Flow:$2,028,000

Gross Revenue:$5,868,000

EBITDA:$1,527,000

FF&E:$3,500,000

Inventory:N/A

Lease Rate:N/A /SF

Established:1986

71182 - Excavation, Boring and Utility Contractor

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Business Description

25%+ profit margins! This company has been servicing the western region of Texas within a 150-mile radius for thirty years. This specialty trade contractor provides site utility lines, foundation excavation, vac-truck excavation, drilling, and boring services for commercial and residential projects. Utility services include water, sewer, electrical, fiber optic and phone lines. Offering these services requires an estimator, superintendent and job foremen, along with heavy drilling, boring, and excavation equipment. The company operates from two locations, which include an administrative building and an adjacent excavation pit used to store and supply fill-dirt. Contract services are typically completed under 60 days while non-contract service don't usually exceed 30 days. The company has a proven track record, supported by loyal customers over the years. Revenues have been increasing over the past 4 years averaging at 13.42%.

Currently, 45% of revenues derive from the sale of water lines and underground utilities sold to municipalities. Offering water, sewer, and underground electrical conduit lines, Commercial Construction accounts for 33% and 15% to residential developers. Underground electrical conduit lines sold to public utility companies round out the revenues with 7%. With a management team in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. The current owners are approaching retirement and look forward to assisting the buyer to take on this profitable company. Please contact David Michaelson about listing ID 71182.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Both a 3,900 square foot office building and an adjacent 35-acre excavation pit are owned with an option to lease or purchase.
Competition:
80% repeat clientele.
Financing:
Negotiable up to: 15.00 %
Support & Training:
Management team and key employees will most likely stay on after the sale and the owners will remain for a transitioning period.
Reason for Selling:
Approaching retirement.

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