Heavy Civil Construction Services

Port Lavaca, TX
Calhoun County


Asking Price: Annual Revenue:
$21,000,000 $23,542,002

Services: Construction, Contractors


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RE: Heavy Civil Construction Services Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $21,000,000 15% Buyer Down Payment $3,150,000 15% Seller Financing or Equity Roll $3,150,000 70% Bank Loan $14,700,000

Quick Facts

Asking Price: $21,000,000
Annual Revenue: $23,542,002
Net Profit: Not Disclosed
Cash Flow: $4,316,388
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1959
Employees: 97
BBN Listing #: 859834398
Broker Reference #: CBI025

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Business Overview:

This heavy civil construction business has 97 full-time employees in place and over 20 active projects at one time! Their sale size ranges from $10k to $5M, and they have averaged over 225 jobs per year for the last 3 years. Already on their 70th job of 2021 and $11M in backlog, work is plentiful for this Texas company. They offer a vast array of heavy civil construction services, including building streets, subdivisions, commercial site preparation, and industrial work at petrochemical plants, as well as utility system construction, earthwork, site preparation, coastal erosion control, shoreline protection, and general maintenance. Clients are comprised of private developers, industrial, city, county, and state governments, and GC’s. This versatile offering of services and diverse client base works in this company’s favor, as they don’t rely heavily on one client or sector. Approximately 65% of their work is as the GC, primarily for the county, city, or state. The other 35% involves working for the GC on a project as the sub. While they do have a go-to list of subcontractors when needed, the majority of the time, it’s their own team doing the work.

The team works out of a 6,000 sq. ft. office building located on 5 acres of land; their facilities also include 1 heavy equipment shop, 1 truck shop (2,000 sq. ft. each), and 1 fuel & oil shed (1,200 sq. ft.). The owner of the business owns the facility under a separate entity and leases it back to the business for $9,000/month. With a solid reputation in the area, the business has long-standing relationships with customers and GC’s alike; they are able to keep their service area within a 100-mile radius of the office.

Utilizing top notch ComputerEase, HCSS, AGTEK, and Trimble software, this well-respected team receives invites to bid from GC’s they’ve worked with over the years; they also subscribe to websites that send notices of upcoming projects that are up for public bidding, with a 20-25% success rate. Priced at $21,000,000, there is ample opportunity for growth. Expanding the service area, actively pursuing more bids, or opening a satellite office in an area nearby where the population is booming would certainly lead to an increase in revenue.

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Market Competition and Expansion:

Growth Opportunities: Expand service area, pursue more bids, open a satellite office in an area of the state where population is booming.

Reason for Selling:

Retirement

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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