Long-Established, Profitable, Excavation Co.

Not Disclosed, ID
Ada County

Asking Price: Annual Revenue:
$500,000 $782,103

Services: Construction, Contractors

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RE: Long-Established, Profitable, Excavation Co. Broker: Sheila Spangler

Quick Facts

Asking Price: $500,000
Annual Revenue: $782,103
Net Profit: Not Disclosed
Cash Flow: $215,522
Total Debt: Not Disclosed
FF&E: $183,352
Real Estate: Not Disclosed
Year Established: 1986
Employees: 4
BBN Listing #: 88434955
Broker Reference #: 8302-15140

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Business Overview:

The company specializes in handling small (up to $150,000) site-preparation and excavation work on water connection/repair/service related jobs in the Boise area. The company is bonded to work in the right of way on roads and streets. Company management is proud to take on challenging jobs and complete them on-time with quality workmanship and with competitive rates. The company is an approved and preferred contractor for the main water utility for over 18 years.

The company provides the following services:

· Fire Hydrant Repair

· Water lines

· Underground Utilities

· Demolition

· Back filling

· Earthwork

· Excavation

· Grading

· Septic Drain Field Installation

· Pond reconstruction/Gabion Walls

The ideal buyer is an individual who is experienced in construction excavation contracting or related complementary businesses such as roadwork, paving, or general contracting is an ideal candidate to purchase this business. Additionally, prior management/supervisory experience and a general business background would very helpful.

If you have management experience, and at least 10% of the purchase price in cash (or in your IRA or 401k)* for a down payment, this business could be yours. The seller is willing to provide some financing. The business has been pre-approved for financing by a lender.

*Note: There is no need to withdraw any funds from your IRA or 401k to purchase a business. There are special financing programs available that allow your use of retirement funds without taking a taxable distribution. Please contact the Business Intermediary listed in this document for a personal introduction to these resources

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Property Features and Assets:

The seller does not own or rent a commercial building/property for the company’s use. When the company’s equipment is not in use, it is stored at the seller’s personal residence. A new owner will likely need to have an existing storage yard or be able to acquire one (rent or purchase) for the equipment. Typically, the company works year-round and the need for equipment storage is minimal. The seller believes that a one-half acre site would be more than sufficient for equipment storage. Assets=$183,352.

Market Competition and Expansion:

The company gets the bulk of its work from referrals from past and current customers. The main water utility company vets and approves only a small number of contractors to install and repair water connections in the Boise area. The company has been on the approved list for over 18 years. Once approved, a contractor is subject to annual review of performance, must follow stringent guidelines and complete a master service agreement every three years. The company has remained on the approved list while other contractors have not been approved or retained. Currently, the main water utility company has 10 approved contractors according to local management for the water utility company. There is growth potential and long-term stability due to the steady flow of jobs from repeat satisfied customers. Adding another crew and a a part-time bookkeeper could allow the company to almost double its earnings.

Reason for Selling:

The owner is ready to retire after 40 years.

Additional Details:

  • The property is owned.
  • The owner is not 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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