Lucrative Parks, Roads Infrastructure With 48 Million In Backlog For Sale

Description

Civil construction company working on public infrastructure projects, including parks, roads and school properties.

The company has been operating for 43 years. Its work is mainly related to site preparation, paving and municipal contracts.

Customers and Contracts

• Department of Transportation
• Department of Parks and Recreation
• Port Authority entities
• Current contracts: more than $48 million stated
• No project defaults during the company’s 43-year history stated

Assets

• Total asset value: more than $4 million
• Heavy equipment: approximately $2,350,000
• Vehicles: approximately $466,000
• Working capital included: $500,000

Facility

The company operates from a 12,000 sq ft property with office, storage and workshop areas.

• Total size: 12,000 sq ft
• Unused area: approximately 8,000 sq ft
• Office space
• Equipment storage
• Workshop

Staff

• Core employees: approximately 20
• Office staff
• Project managers
• Foremen
• Union laborers: approximately 30–50 depending on workload

Owner

The owner currently works about 25 hours per week and is prepared to remain for two to three years after a transaction.

• Seller financing may be considered
• Seller may retain up to 20% equity

Other Work That Could Be Added

• Plumbing
• Precast work
• Fencing
• Hardscaping

Buyer Requirement

The source states that the majority owner must qualify under Minority, Women, or Veteran-owned business designation requirements.

Asking Price

$4,600,000

Additional Details

• Annual revenue: not provided
• Net profit or SDE: not provided
• Exact location: not provided
• Facility ownership or lease terms: not provided