Electric Firm focused in Public Transportation

Not Disclosed, WA


Asking Price: Annual Revenue:
$14,250,000 $23,423,184

Services: Engineering, Architectural Services


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RE: Electric Firm focused in Public Transportation Broker: Cortney Sells
Owner Financing is Available!
75% Buyer Down & Bank Loan $10,687,500 10% Seller Financing $1,425,000 15% Equity Roll (If Desired by Buyer) $2,137,500

Quick Facts

Asking Price: $14,250,000
Annual Revenue: $23,423,184
Net Profit: Not Disclosed
Cash Flow: $3,366,766
Total Debt: Not Disclosed
FF&E: $5,898,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 50
BBN Listing #: 344934398
Broker Reference #: TRA039-C

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Business Overview:

Established in 2012, this public works infrastructure business operates out of 3 strategically placed locations and offices; 2 of which are in Washington, and 1 in Oregon to allow them to maximize the level of municipal contracts they are able to accept within their service area. Their team includes 50+ members Including a CFO, VP and Superintendent, 1 Senior Director of Project Managers, 5 Project Managers, 11 Electrical Foreman, 17 electricians and apprentices, railroad maintenance staff, 7 Administrative Employees, equipment operators, and warehouse drivers many of which they hired due to their positive relationship with their union (in this region, the union is the ONLY way to work on public opportunities). Their extensive list of services within their transit niche include designing, drilling, installing, repairing, and maintaining above ground and underground public transportation systems. They work on rail, streetcar, commuter rail, traffic light, cabling, lighting, and communications systems. The company has a primary client base of municipalities and the primary general contractors who serve them and currently has 13 contracts, which lands their current working progress total at $28 million. The purchase of this business comes with $5.9M in assets including vehicles and equipment, along with working capital of $3M+!

Priced at $14,250,000, the seller is willing to carry 10% and do an equity roll for another 15% to show good faith in the ongoing success of the company. The current owner is looking for a buyer to handle this continual growth as well as to ensure the business is maximizing on its multitude of opportunities. This establishment, and any potential new ownership, has a new opportunity for focused growth with the recently passed US Infrastructure Bill. There have been multiple infrastructure packages discussed, planned, and/or approved in the area related to public transportation which should be coming to fruition in the near future, creating ongoing opportunities for this business.

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Property Features and Assets:

Machinery & Equipment: $616,000 Vehicles: $1,698,000 Office Furniture & Software: $225,000 Working Capital: $3,359,000 = A/R: $7,026,000 – A/P: $3,667,000 Work in Progress: 13 contracts, which will produce $28M

Market Competition and Expansion:

Expand geographic service area, specifically into Texas and Colorado.

Reason for Selling:

Strategic growth.

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.

Documents:

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