Logistics And Sourcing For Bulk Material In Delaware

Description

This business sources materials for infrastructure developments, utilities, roads, and bridges. The company works with more than 20 national manufacturers and vendors. Services are provided for municipal job sites where prime contractors perform utility and bridge installations, including ductile and concrete pipe, precast storm drainage and utility structures, cast iron manholes, and inlet frames and covers.With concerns about a potential recession, this company is positioned for growth as the recently passed Infrastructure Bill is expected to directly support revenue and provide resilience against economic downturns.The team includes one vice president, one controller, one estimator, and one administrative specialist. The current owner oversees the team, meets with key employees when necessary, and provides business development strategies.As a demonstration of commitment to the continued success of the company, the current owner is willing to hold a promissory note for up to 10 percent of the purchase price. He is also willing to remain with the business for one year after closing to support a smooth transition.New ownership will acquire a stable operation with three locations, including a primary location in Delaware and satellite locations in Georgia and Florida.After building and operating the business in this industry for 20 years, the current owner is ready for a change of pace and is interested in pursuing the next chapter of his life.Priced at 2250000 dollars, this business has an established operation and the stability for a new owner to continue running it as is. The opportunity also provides flexibility to pursue additional growth initiatives.