Superb, Highly Profitable Excavating Company

New England

Superb, Highly Profitable Excavating Company
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Asking Price: N/A

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Established: 1996

Superb, Highly Profitable Excavating Company

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Business Description

Premier Excavating Company—Sales: $11mm, EBIDTA: $1.3mm

This a premier, highly reputable company well known in its region. The company is a sitework contractor specializing in water, drainage, sewer and roadway work. Revenue by type of activity includes commercial site work (80%); roads and Infrastructure (15%), residential (5%).

Projects over the last 2 years included an athletic complex for a University ($5.3mm), Excavation work for a condominium project ($1.3mm), road work for the USDA ($1.1mm), an event venue $750,000 and a solar array for $930,000.
The company has grown over the years. Incisive project management, value engineering providing appropriate and often cost saving designs for projects, state of the art machinery and experienced, talented employees, contribute to delivering superior job performance.

While the business benefits from repeat and referrals, it is not dependent on one or a few customers. There is more work available than the company chooses to handle.
The owner is flexible as to the assets to be sold, some terms, and his future involvement.

Detailed Information

Employees:
49
Facilities:
The assets include state of the art equipment and vehicles, all in superb condition. Estimated current value of equipment is $6 million. A detailed list of equipment and the estimated value per item is available upon request. While the equipment is in superb condition, the owner realizes that a buyer may choose to not purchase all his equipment. Some additional equipment is also leased, and these leases may be assumed.
Competition:
There are certainly other excavating and road building companies. This company is known for its quality work and efficient productivity.
Growth & Expansion:
Management has chosen to complete projects only in its home state as well as limits the number of employees to 49 (during peak periods). Both the geographic territory and the labor force can be expanded.
Financing:
Seller will provide some financing for a qualified buyer.
Support & Training:
The business includes a management team capable of operating the company without the owner. However, the owner will train and stay involved at the discretion of the buyer.
Reason for Selling:
The owner has been involved in this business since the 1990s. He would like to
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Country Business Inc.

Business Listed By:
Administrative Manager

Country Business, Inc.

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