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Texas Business For Sale |
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| HEAVY CONSTRUCTION GENERAL CONTRACTOR |
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| Attn: Mickie Bernard |
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| not disclosed, TX, USA |
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| Asking Price: |
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Not Available |
| Business for Sale Industry: |
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Services: Construction, Contractors |
Year Established: |
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1990 |
| # of Employees: |
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24 |
| Yearly Revenues: |
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$2,560,000 |
| Yearly EBITDA: |
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$32,500 |
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Business for Sale Overview:
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The March Group, LLC currently represents a respected and reliable general heavy construction contractor specializing in concrete work. One of only a handful of erosion control specialists operating in this growing Southern market, the Company is also known for expertise in retaining wall and bridge building projects. Revenue continues to grow, reaching more than $2.56 million in 2007. With projects located primarily within a 100 mile radius of the firm’s headquarters, the favorable Southern climate helps mitigate the traditional seasonality of the industry. Adept at bidding jobs, with a 100 percent post-award client retention rate. Boasts an outstanding safety record, reflected by a workers compensation modified rate of only 0.86. Serves primarily as the contractor (rarely a sub-contractor), with current bonding capacity of $2.5 million per project and $5 million in aggregate. Project backlog generally fluctuates between $2 million and $2.5 million. Well-maintained equipment with a fair market value of approximately $450,000. Highly experienced in the type of paperwork required by the Corps of Engineers, the state DOT, and other large organizations. Current facility, company-owned and available for fair market lease, is sufficient to support proforma projections, as is the company’s fixed assets base. At present, nearly all contracts derive from the public sector via lowest bid, but entrance into the private sector is also a viable growth opportunity.
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Property Features and Assets:
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Operates from an 8,080 square feet facility, of which 1,680 is office space – Company-owned and available for lease at the fair market rate. Facility & fixed assets base are sufficient to support proforma projections. |
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Market Competition and Expansion:
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Based on industry trends and conditions, Company management predicts that municipal spending is very likely to increase in the coming year. The addition of commercial customers, trench and utility projects & geographic market expansion offer promising opportunities to take advantage of favorable market conditions. |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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