Parks Roads Infrastructure With Million In Backlog For Sale

This Civil based Infrastructure business performs Site Prep for
Parks, Roads and School Districts with a focus in paving. Their
repeat client base includes the DOT, Department of Parks & Rec
and the Port Authorities. The proof is in the performance with this
NYC business as they have never defaulted on a project in their
43-year history. This business currently has over $62M in
backlog – the highest they have ever had! The assets are valued
over 4 million, which include $2,350,000 in heavy equipment,
$1.3 million in vehicles and they will leave $500,000 in Working
Capital! This makes the loan over-collateralized plus there is a
bank loan already pre-approved for a qualified buyer! The team
consists of 20 core people, there is no shortage of trained
professionals at hand, including office staff, project managers,
and foremen plus 30-50 union laborers. The owner currently
works about 25 hours a week and will provide transition for 2-3
years. The owner is ready to retire but has a vested interest in
the continuing success of this business, to show good faith he is
willing to finance and/or hold a 30% Equity Roll. The business
utilizes a 12,000 sq. ft. building which includes an office, shop,
machines, storage with 8,000 sq. ft. of unused space that could
be used for expansion!
Priced at $5,100,000, this business is primed and ready for a
new owner to step in and enjoy a backlog that has surpassed
their all time high. Their work falls under the municipal umbrella:
meaning if there should be a recession, their workflow will not be
impacted. In fact, due to the recently passed US Infrastructure
Bill, this business will grow significantly as $66 Billion dollars has
been set aside for public transportation infrastructure work. A
new owner could add plumbing, precast, fencing and
hardscaping to the list of services as these are all growth
opportunities. A buyer must qualify for a Minority, Woman or
Veteran designation to own majority of this business.