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Listed by:

Neumann Associates

Cash Flow Rich Heavy Construction (Paving/Concrete) Company For Sale

Mid-Atlantic, US
Asking Price:
$13,990,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$21,500,000
Cash Flow:
$4,650,000

This well-known Heavy Construction Company in the Mid-Atlantic area provides road and sidewalk construction, paving as well as the building of athletic fields to state agencies and local municipalities. The firm enjoys significant operating margins and documented profitability with considerable owner benefit.

The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 3.2x EBITDA (2024). A full valuation report is included and there is $680,000 in Net Working Capital plus another $4,500,000 in Fixed Assets included in the deal. By implementing the proposed deal structure an owner operator will obtain over $1,000,000 benefit in after- acquisition-debt cash flow in Year #1 – almost 45% return on equity investment.

(ALL DATA BASED ON SIGNED TAX RETURNS)

Property Information

Real Estate:

Lease

Location:

Mid-Atlantic

Premises Details:

This business currently operates from a conveniently located 13,600 sq. ft. owned location with a combination of office, warehouse and storage space which is available for purchase under separate agreement.

Business Operation

Expansion Potential:

It is projected that a new owner will obtain significant additional growth by bidding aggressively in its current target area and by expanding their efforts into neighboring regions which will require minimal additional investment. This effort will allow the company to grow upwards of 20% annually with significant gross margins.

Competition / Market:

The company enjoys a strong competitive advantage in its service area as a result of a thirty plus year history of successfully bidding and completing multiple state and local construction projects.

Reasons for selling:

Retirement (consulting available)

Employees:
70
Years established:
1995

Other Information

Support & training:

A comfortable transition period will be provided by the owner who truly wants to see the business continue to flourish. Seller will consider a mid-term consulting agreement thereafter. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$2.3m Seller financing plus $7.0m Bank financing subject to buyer qualification

Furniture / Fixtures value:
$4,500,000 - included in the asking price
Inventory / Stock value:
$680,000 - included in the asking price