Infrastructure Business With Niche In Waterways And Sewers For Sale

Description

Infrastructure contracting company serving municipal and government clients in the Hudson Valley and Westchester, New York.

Business

• Operating history: nearly 10 years
• Public-sector infrastructure work
• Municipal and government clients
• Maintenance contracts
• Multi-million-dollar project experience stated

Services

• Water infrastructure projects
• Sewer projects
• Drainage projects

Team

• Current employees: 12
• Project supervisor
• Foreman
• Estimator
• Accounting manager
• Payroll manager
• Field labor staff
• Union affiliation stated

Assets and Working Capital

• Hard assets: $375,000
• Accounts receivable: $1,840,000
• Project backlog: more than $500,000

Owner Involvement

• General business oversight
• Estimate review
• Contract supervision

Transition

• Reason for sale: owner retirement
• Seller stated as available for up to 1 year after closing
• Seller financing stated: 15% of the purchase price

Growth Areas

• Additional infrastructure services
• Re-entry into the New York City market
• Larger infrastructure contracts
• Bridge construction
• Culvert construction

Asking Price

• Price: $2,825,000
• Unborrowed funds required: $282,500

Additional Details

• Revenue: not provided
• Net profit: not provided