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Business For Sale
EXCAVATION/UTILITY CONTRACTOR FOR RESIDENTIAL DVLP
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Services: Construction, Contractors
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Year Established:
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1993 |
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# of Employees:
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24 |
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Yearly Revenues:
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$5,336,000 |
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Yearly EBITDA:
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$348,000 |
Business for Sale Overview:
The March Group, LLC represents a well-established excavation/utility contractor specializing in services for residential developers. Comprehensive capabilities include land clearing, grading, & installation of public utilities. Established with only 2 pieces of construction equipment, Company now boasts 37 pieces & growing, all purchased or refurbished within the last 6 years. Awarded jobs based on range and quality of services, reputation and strong industry relationships, although pricing is highly competitive. Adept at successfully & expediently moving permits through the permitting process. Throughout its history, the Company has maintained active relationships with seven successful residential developers – a testament to the esteem in which the Company’s services are held. Nearly 99% of jobs do not require Company to bond, although it has been bonded for $1 MM in the past. On track to hit 2007 projections of $800 K in EBITDA on $6.5 MM in gross sales. Principals are willing to stay for up to 3 years to ensure that carefully cultivated industry relationships will continue to grow under new ownership.
Property Features and Assets:
The Company will soon relocate to a 1,300 square foot facility situated on nine acres of land – to accommodate equipment storage. The property is Company-owned and would be available for purchase or long-term lease.
Market Competition and Expansion:
In under 15 years, this Southeastern-based Company has steadily grown from an operation of just 2 pieces of equipment to its position today, achieving sales of more than $5.3 MM 2006. Founding principals have worked diligently to ensure that top quality, comprehensive services continually build & strengthen an excellent reputation. At this time, better capitalized investors would be superbly positioned to guide the Company to the next level. Avenues for growth include increased marketing efforts, geographic expansion, & the entrance into the municipal market.
Additional Details:
- The property is owned.
- 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 resale opportunity.
- This is not a distressed business or bankruptcy situation.
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