Large Excavating Company with Government Contracts
Large Excavating Company with Government Contracts
Big Upside Potential
Central Indiana
Listing Number: 2621
Financial Information
Asking Price: $2,145,000
Real Estate: Leased
Gross Revenues: $1,738,000
Cash Flow: $446,587
Business Description
Governor Holcomb has announced large infrastructure spending statewide. President Trump is pursuing infrastructure upgrades nationwide to rebuild roads, bridges, airports and the such. That will cause a shortage in heavy construction resources and an increase in new contracts for existing certified contractors. Lots of upside here.
So, imagine owning an excavating company that is certified by the State of Indiana to do roadwork. This business provides excavating/dirt work for roads and bridges. Employees in place to manage on-site operations and perform all excavation work. Owner does quotes, financial, and management.
Business is heavy in equipment value including a bulldozer, excavator, backhoe, grader, skid steer, semi-truck, dump truck, and more.
They do not currently do much private commercial work, choosing to concentrate on public projects, but they have done commercial work in the past and could do it again if a new owner would choose to do so.
General Information
Facilities: Business has a 6,000 sqft office and shop, primarily for equipment storage on lot and equipment repairs. This location is leased at $3,000/month on a month-to-month basis. All employees report directly to job sites. This facility can be maintained by a new owner, or the new owner could relocate it or absorb it into currently operations.
Growth & Expansion: The questions here are how much do you want to grow and how much do you want to work? The work is there. You could expand to more regions, take on private commercial work that the company does not pursue now. There really is next to no limit and the profitability is among some of the best in the construction industry. This contractor does not currently providing paving but did have jobs in 2016 that included over $1.4 million in asphalt work. So, if a buyer already had paving capabilities or acquired them, the gross revenue could be doubled fairly quickly.
Employees: 20
Financing: A qualified buyer should be able to obtain SBA financing with 20% down
Support & Training: The seller will provide training as needed to assure a successful transition.
Reason Selling: Other business interests
Contact Information
Contact: Scott Lands
Phone: 317-333-6655 x 104