Reputable Roadwork And Underground Utilities In Tulsa For Sale

Specializing on roadways, both asphalt and concrete paving,
drainage projects, utility installations, and earthwork.
The service mix is 75% roadways and 25% underground utilities.
Their client base consists of municipalities and the
Department of Transportation (DOT), airports and parks with
approximately 15% of their annual workload coming from
private sector clients. This is a reputable, non-union, 20-year
old heavy civil company with a 90-mile radius of Tulsa. The
company boasts a team of over 80 employees with key
leadership positions, including an operations manager, lead
estimator, paving manager, survey manager,
maintenance/fleet manager, safety director, HR manager, and
Controller. The remaining staff is in the infield. The current owner
remains involved in the business operations, providing general
oversight however he relies on his Leadership Team to
Manage all day-to-day operations. The business occupies 1.5
acres, which includes two buildings: a two-story office with
storage space totaling 7,000 square feet and a large
mechanic shop covering 7,500 square feet. The $8MM in
assets make this bank loan 100% collateralized, plus
$950,000 in working capital is included. The seller has offered
to stay with the business post-close for 1-2 years and in order
to sweeten the deal, he has offered to carry or roll equity of
10-15% of the purchase price.

Priced at $8,600,000, a 10% down payment of $860,000
returns $692,269 in the first year after debt payments, an
80% return on investment!