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| Heavy Construction Contracting FOR SALE!!!!| 2162515 | California | | 690183 | -- | | $Unspecified | -- | | | 178 | 36 days | |
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Listing: Demolition & Grading - Heavy Construction Contractor
Location: Southern C..., CA
Financials
Asking: $798,000
Gross: $1,488,830
Cash Flow: $1,050,000
Summary Description
Great Add-On For Buyer In a Complementary Business. Buyer can be up and running with the specialized equipment needed to operate a site demolition business plus have the formula from the owner of how to bid and win business and have the solid reputation of this company. Limited training. No projects included. Priced at almost equipment value. Prime contractor specializes in demolition, site work and commercial trucking with a concentration in public works. Not tied to residential construction. Currently all the companys activities are within the Southern CA area. Many agencies and school districts have used this company for decades. Business has a solid reputation for doing quality work at reasonable prices. Growth opportunities are both vertical and horizontal expansions for the right experienced contractor or contractor company. They have a full line of specialized equipment in awesome shape per owner to do demolition, concrete cutting, removal, excavation and grading. Owners, after 20 years, are pursing a new unrelated venture that they want to focus on. Seller s Discretionary Earnings over the past 3 fiscal years have averaged $806,000 per year with the fiscal year ending July 30, 2009 $1050,000. P&L for 2009 includes revenues booked on engineering and demolition business that had not been billed or paid in prior fiscal year. Strengths: Impeccable reputation with school districts, public and private colleges, universities and public agencies, and Cal-Trans. Started in 1988. Strength of assets (equipment), resume of company, and trust. Surety never had to step in. Excellent books and records. No accidents, no injuries, no workers comp claims, no litigation. Clean record. Trade employees with Abatement Company and other project of owner so employees are not laid off.
General Information
Year Established: 1988
Employees: 10
Facilities: 800 sq.ft. - rent $1,150. lease is month-to-month - option not disclosed.
Market Outlook
Growth and Expansion: Why You Should Consider this Acquisition Opportunity: Great opportunity to buy this business at almost a liquidation price on the equipment alone. Includes name and reputation of current business. Heavy equipment includes trailers, skid loader, caterpillars, tractors and trucks. Owner says it s the cleanest equipment out there. Included in the price Building demolition approximately 75%, Interiors demolition 15%, Grading 10%.
About the Sale
Support/Training: Limited training offered by owner.
Reason Selling: pursue other ventures.
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