$4,000,000.00
Asking Price
Status: Active
Posting ID: 278933
1/18/25
Description
Profitable earthwork construction company - grading, asphalt paving for renovation & new construction projects, plus asphalt & concrete repairs and maintenance for recurring commercial & public customers. There are 30 skilled employees with capable non-owner management. This 38-year-old business has extensive equipment & vehicles.
Typical annual sales vary, from approximately $7.9k to $8.9k, with F/Y 2023 (ending in February 2024) generating sales of $8,140,000. The typical average SDE (Seller’s Discretionary Earnings) for the owner-manager is about $1,000,000. The asking price is $4,000,000.
This construction company has two divisions. One does earthwork, grading, and asphalt paving for new construction and renovation projects of all kinds. Customers are mostly private entities. The other division does asphalt and concrete repairs and maintenance for private and public entities such as property management companies (both commercial and residential), developers, general contractors, subcontractors, and numerous school districts.
Typically, the business has 45+ active customers, with 25-30 recurring customers every year. Somewhere between 60% to 80% of business is from repeat customers. There are over 300 customers in the database. With the new federal funding for infrastructure rehabilitation and construction, the company expects extensive growth in the short- and medium-term.
Typically, the business has work-in-process of $2,000,000 to $3,000,000, and a backlog of projects not yet started amounting to $500,000 to $900,000.
Valuable Features & Benefits:
- Established, a stable, exceptionally-skilled employee base with key employees in management.
- Capable non-owner management.
- Superior location and facilities.
- Steady, predictable business growth.
- Consistent, verifiable revenue and profit.
- Industry growth above the average economic growth.
- Exceptional reputation with a recurring loyal customer base.
- Consistent business processes and procedures in place.
The business is housed in rented premises consisting of an office, repair shop, and yard space for the equipment. The current rent is approximately $13,500 monthly, all in. The inside space is approximately 2,500 square feet, and the outside space is approximately an acre. A new owner can continue the lease arrangement pending approval of the landlord and buyer to ongoing terms.
The acquisition includes all furniture, fixtures, and equipment ('FF&E'). The current replacement value is somewhere between $1.5 and $2.5 million based on current insurance documents. All FF&E, including vehicles, to be conveyed to the buyer will be transferred free of all liens and encumbrances.
The current owner will be available for a smooth training and transition process.
The Transaction: The asking price is $4,000,000. The sale includes all assets, tangible and intangible, except for accounts receivable, cash-on-hand, and the corporate entity itself, and also excluding all accounts payable and notes payable which will be satisfied by the seller at or before Closing. The specific assets acquired will be as explicitly set forth in the asset purchase agreement which will supersede any other description or enumeration.
It is important to note that we are offering the business for sale, not the corporation. In such a purchase, you would acquire all assets of the business, tangible and intangible, including the name, except for Accounts Receivable, Cash-on-Hand, and any rental security deposits. Resale inventory would be purchased on a "cost" basis or as negotiated. Also, you would NOT assume any accounts payable, notes payable, or any other debtor liability of the selling corporation. All physical assets would be conveyed to you free and clear of all encumbrances and liens.
Exclusive Broker: Tim Cunha, J.D.
California DRE License #01919755
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The specific assets acquired will be as explicitly set forth in the asset purchase agreement which will supersede any other description or enumeration. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of appropriate qualified professionals prior to purchasing the Business.
To get more information about this Commercial Construction Earthwork Paving & Grading business for sale in San Francisco Bay Area please phone Tim Cunha (Intermediary, Resource, Broker) at 650-600-3751 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #278933 on BizBen.com. In addition to phoning Tim Cunha, make sure you email Tim Cunha above to get more info about this Commercial Construction Earthwork Paving & Grading, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01919755. EvergreenGold Business Advisors.
Contact
Phone: 650-600-3751Details
Asking Price: $4,000,000.00
Down: Call / Email
Cash Flow: $1,000,000.00
Revenue: $9,000,000.00
Area: San Francisco Bay Area
City: None Given
Attributes:
My Notes About This Listing
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