Sourcing Location Of Materials For Road Work For Sale

Overview

  • Business services, Services
  • Property Type

Description


Delaware, US

Asking Price:


$4,700,000

Furniture / Fixtures included

Sales Revenue:

$23,278,343

Cash Flow:

$1,275,044

This business sources materials from national

manufacturers & vendors, processes submittals for review
& approval, releases materials & schedule delivery, and
processes & tracks billings in a timely manner. They are a
bulk material supplier & procurement company that
provides services for municipal job sites where Prime
Contractors are performing utility and bridge installations,
including ductile/concrete pipe, precast storm drainage &
utility structures, cast iron manholes, and inlet
frames/covers. The team includes 1 VP, 1 Controller, 1
Estimator, and 2 Administrative Specialists. With the
thought of a “recession” looming, this company will be
growing, as the newly passed Infrastructure Bill will directly
impact this company’s revenue and shield them from
economic downfall. There have been three years of growth
in revenue, going from $17 Million in 2020 to $23 Million in
2022! There is over $4.5M in contract receivables, which a
buyer would take over on day of close. As a show of good
faith and vested interest in the ongoing success of the
company, the current owner is willing to roll equity and
hold a promissory note for up to 20% of the total price. He
is also happy to stay on board for 1-2 years post close to
ensure a smooth transition.
After building this business and operating in this industry
for 20 years, the current owner is ready for a change of
pace and is interested in exploring the next chapter of his
life. New ownership can expect to step into a stable
investment with three locations, including a primary
location in Delaware and satellite locations in Georgia and
Florida.
Priced at $4,700,000 this business has an established
business operation with over $1.1M in assets and enough
stability for a new owner to step in and continue operating
the business as is. This opportunity also affords new
owners enough flexibility to change things up and try out
some new growth routes.

Business Operation

Expansion Potential:

With the thought of a “recession”

looming, this company will be growing, as the newly
passed Infrastructure Bill will directly impact this
company’s revenue and shield them from economic
downfall.

Reasons for selling:

After 20 years in the business, the

owner is ready to explore his next chapter.

Employees:
5: 1 VP, 1 Controller, 1 Estimator, 2 Administrative Specialists
Years established:
2003

Other Information

Support & training:

1-2 years

Financing available:

20% Seller Equity Roll and/or

Promissory Note
$940,000

Furniture / Fixtures value:
$1,196,941 – included in the asking price
Related Documents:
Relocatable:
This business can be relocated.



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Address

  • State/county New York
  • Country United States

Details

Updated on January 18, 2023 at 1:25 am
  • Property Type: Business services, Services
  • Property Status: For Sale

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