Underground Directional Boring, Trenching

Pompano Beach, FL (Broward County)

Underground Directional Boring, Trenching
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Asking Price: $1,023,000

Cash Flow: $344,079

Gross Revenue: $1,669,134

EBITDA: $344,079

FF&E: $336,000

Inventory: $100

Established: 2015

Underground Directional Boring, Trenching

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Business Description

Significant New Contracts Available – Need Additional Capital for Equipment

Specialized in direction boring and trenching, with multi-year contracts in Central FL and Indiana. The company has secured new contracts, which have allowed growth from $319,000 in 2016 to projected sales in 2019 of $2,400,000. Most contracts pay electronically weekly.

Deal structure is open, Seller willing to keep some equity for a period of time (two or three years if desired) with a pre-determined buy-out formula to be agreed upon prior to close.

Other services include trenching and exaction. Field manager. Most core employees are from the start. Reliable customers that pay their bills. No special trade license required. Five main customers repeat ongoing contract work. In addition to the purchase price, there is equipment financing to be assumed or assigned to buyer, the cost of servicing debt/leases left in as cost of doing business.

Detailed Information

Inventory:
Included in asking price
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Storage unit with A/C office loft in Broward County. Month to month $1,630 per month, total. Steel warehouse in Indiana, 15K S/F $1800 per month, six-month lease, renewable options.
Support & Training:
Negotiabble
Reason for Selling:
Wants to return to native his Brazil
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(from currently available funds)
 
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Bob Dolan

Business Listed By:
Robert M Dolan

Dolan Sales, Inc.

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

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