Business for Sale Overview:
The March Group currently represents a well funded and dedicated provider of underground utility systems construction. Based in the Southeast, this profitable Company’s primary focus is on storm drainage, waste water collection, water distribution systems, lift stations and mechanical piping. Company has consistently shown strong growth and excellent profitability that has earned the Company high ranking positions on multiple lists of “Hot” growth companies in several popular business magazines. In 2008, posted revenue of more than $11.7 million and EBITDA of nearly $1.9 million. Expansion from one crew in 2002 to five crews currently operating in 2009 also provides evidence of the Company’s excellent growth rate.
Strong relationships with prime developers contribute to the current estimated backlog of over $7 million. Client base consists of public entities, including the Department of Transportation (70 percent of revenue), as well as private developers (30 percent). Construction services related to underground utility systems generates 85 percent of revenue, with 15 percent derived from subcontract services involving earth work, grading and horizontal directional drilling. The Company’s fixed asset base consists of a considerable amount of highly maintained and efficient late model heavy equipment and construction vehicles, to be included in the sale.
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Property Features and Assets:
The 8,400 square-foot combined office and maintenance facility is available for purchase with the business.
Market Competition and Expansion:
Underground utility systems construction is a niche market in the overall construction industry. The Company has an impressive reputation built on customer satisfaction that has resulted in repeat clients. The Company has expertise in public sector construction.
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.