Premier Excavator w Extended Contracts

New England

Premier Excavator w Extended Contracts
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Asking Price: $4,100,000

Cash Flow: $750,000

Gross Revenue: $3,500,000

EBITDA: N/A

FF&E: $2,200,000

Inventory: N/A

Established: N/A

Premier Excavator w Extended Contracts

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Business Description

Established, reputable, high revenue excavating firm w extended contracts.

This is an opportunity to acquire a well-established, highly reputable excavation, snow plowing, concrete and landscape business. This thirty three year old firm has a trained and loyal staff with years of knowledge and experience that helps land and complete jobs. The business owns extensive and varied equipment and vehicles that are required to perform at the level required by their customers. Two mechanics maintain the equipment to minimize downtime and increase its functionality. The customers served come from all segments of the business and consumer world and include some major, high profile accounts. Several accounts are long standing customers with annual extended service contracts. Revenues exceed $3.4 Million annually and generate significant profits for the owners. Because of its reputation and capabilities, the business is able to be highly competitive in the area served. The equipment accounts for a significant portion of the asking price. The buyer will have the option to acquire the realty and synergistic business once the sellers decide it is time to sell.
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Detailed Information

Employees:
25FTE 5 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business has a significant equipment list as part of the sale. The business leases an office building, repair shop and maintenance shop from its owners. Lease terms will be at market rates with option to purchase the real estate and sister company.
Competition:
There are four other major competitors in the market area and numerous very small companies that cannot compete for large commercial and municipal jobs.
Growth & Expansion:
• Bid on additional commercial and residential jobs • Advertise its services • Hire a proactive salesperson/ estimator • Acquire other smaller firms • Expand the geographic territory covered • Add other synergistic services that utilize its significant equipment
Financing:
Seller prefers a cash sale but will listen to financing requests for up to $10%
Support & Training:
Seller is flexible on training and transition depending on the knowledge and skills of the buyer.
Reason for Selling:
Retirement
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Country Business Inc.

Business Listed By:
Administrative Manager

Country Business, Inc.

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