This excavation business provides a full range of services
including large-scale site preparation, grading, underground
utility installation, and dump truck hauling. Serving
municipalities, schools, industrial facilities, commercial
developers, and general contractors, their diversified
customer base and consistent demand have driven a
sustained four-year growth trend. Established in Central
Indiana, they extend service to clients spanning a 50-mile
radius of Indianapolis and have done so for the last 15+
years! The operation is supported by a seasoned team of 34
employees, including an experienced General
Superintendent, four Foremen, CDL drivers, equipment
operators, and an Office Manager, providing an established
leadership structure and smooth day-to-day execution. The
acquisition includes over $1,300,000 in working capital and
more than $2,500,000 in equipment and hard assets, with an
additional $3,400,000 in WIP & Backlog making this a well
capitalized, asset-rich acquisition with immediate cash flow
and strong regional market presence. The seller is preparing
for retirement and is committed to a seamless transition,
offering up to three years of support in addition to carrying
25% of the purchase price. This business does not utilize any
special designations or use the union for labor.
- Asking Price:
- $11,550,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $10,687,504
- Cash Flow:
- $2,566,723
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
Retirement planning
- Employees:
- 34 FT: 24 in the Earth Work Division including an Office Manager, General Superintendent, 4 Foreman, and 18 operators / in-field labor. The Trucking Division has 10 on staff which includes a Dispatcher, and 9 Drivers
- Years established:
- 2011
Other Information
- Support & training:
-
2-3 years
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
25% Seller Financing or Equity Roll
- Furniture / Fixtures value:
- $2,659,500 - included in the asking price
- Inventory / Stock value:
- $1,315,855 - included in the asking price
- Relocatable:
- This business can be relocated
