Business Overview:
With more than 30 years of operation, this public works contractor focuses on projects that utilize its business strengths and afford a strong return. The company concentrates on infrastructure works such as piped storm, sewer and water utilities via open trench and trenchless methods, and box and stiff leg culvert bridges, mass excavation, structural excavation and grading. It provides services as general contractor and as subcontractor. The Company is licensed in Idaho, Oregon and Washington.
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Property Features and Assets:
The company has weathered the shift in demand due to the recent recession by staying lean and mean. It keeps a low debt load and puts high value on safety and work quality to create profitable projects. Management is conservative from an expense standpoint, and is continually evaluating the most efficient means to get each job done well. The company is flexible in pursuing profitable projects and maintains an assortment of general equipment in good working condition for efficiency. It was first to introduce new technologies, such as pipe bursting, into its local markets. The company is expected to deliver profitable results over the next few years as its continues to lead through the economic recovery.
Market Competition and Expansion:
This company compares favorably across all ratios and metrics when compared to same-sized companies throughout the US (NAICS 237110, Water/Sewer Line/Related Structures Construction—Revenues of $5 to $10 million). It has experienced gross profit margins at or better than the 21.7% average and has significantly lower operating expenses than the 15% average. The Company has an excellent regional reputation based on 30 years of commitment to meeting customer expectations through safety, quality and on-time delivery. It has recruited and developed a highly effective management team with expertise in estimating, bidding and building client relationships that lead to repeat project opportunities. Despite the hard bid environment, this company has been contacted by prior customers to negotiate for new or phased project work outside of the hard bid process. The company also has long-standing relationships with the majority of its suppliers.
Reason for Selling:
retiring owner, management stays
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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