Business for Sale Overview:
The March Group currently represents an earthmoving and site preparation contractor which continues to grow, despite the slowdown in the national housing market. With a proven track record, enviable reputation for turnkey capabilities and its competitive pricing, this Company may prove to be a profitable addition for a site development company looking to expand into the southern U.S. market. 2007 revenue of $6.7 million represents a 25% increase over 2006. Current backlog - As of August 2008, management estimates that the Company has approximately one year worth of work – or $7million in signed contracts. Strong, long-standing and well maintained customer relationships contribute to an exceptionally high rate of repeat business. Primarily serves residential developers (95% of revenue), working on projects ranging from 80 to 300 lots. Preparation of raw land for development includes clearing, grading, and installation of public utilities to include water, sewer, and storm drains. Equipment capabilities enable the Company to perform most services in-house, including the supply of any materials needed. Extensive line of assets includes over 40 pieces of equipment in excellent shape. Minimizing overhead for developers by its ability to do both grading and utilities creates a key competitive advantage. Additional expansion into a major metropolitan area within the last year included the opening of a satellite office in a connecting state.
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Property Features and Assets:
Recently relocated to a new 1,300 square feet facility situated on nine acres, available for purchase or long term lease with the business.
Market Competition and Expansion:
Strong overall growth coupled with its proven track record and strong customer base forms a solid foundation for future expansion – the Company has shown its --- by continuing to be profitable despite the decline in the national housing market.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.