UNDER CONTRACT- Construction/Excavation S.TX + RE

Not Disclosed, TX


Asking Price: Annual Revenue:
$1,650,000 $6,485,161

Services: Construction, Contractors


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RE: UNDER CONTRACT- Construction/Excavation S.TX + RE Broker: bobbi
Owner Financing is Available!

Quick Facts

Asking Price: $1,650,000
Annual Revenue: $6,485,161
Net Profit: Not Disclosed
Cash Flow: $185,808
Total Debt: Not Disclosed
FF&E: $1,900,000
Real Estate: $1,257,500
Year Established: 2005
Employees: 17
BBN Listing #: 614044107
Broker Reference #: 76931-171022

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Business Overview:

** Currently under contract - any inquiries will be collected and held in the event the status changes, at which time interested parties will be contact immediately regarding its availability **

This business has been operating in south Texas since 2005 and performs heavy equipment site preparation, excavation, land clearing, building pads and other infrastructure services for commercial, industrial, municipal, school districts, military, and governmental entities.

Operating with an experienced, committed, and talented team, the business is in need of new leadership. Prior years revenues have exceeded $10M until 2021, with healthy associated profits. Included in the sale is heavy equipment and vehicle fleet in excess of $2M current market value. This business operates from a purpose-built facility, with an established competitive reputation and valued name recognition.

Business is ideal for a strategic buyer who is looking to expand existing operations to the area with an established staff. The business will not qualify for SBA, but seller will consider a portion of seller financing.

Real estate is available in addition to the business, which includes a 4,650 Square Feet building and over 11 acres, for an additional $1,272,500. Seller prefers to sell together, and buyers interested in both will be prioritized.

The business was first established in 2005 as a three-way partnership. After six years, two of the partners decided the no longer wanted to continue in the site work business and sold their portion of the business to the remaining partner in 2011. At the time of transition, the business was profitable, but within five years under sole ownership it became one of the top site preparation competitors in the area. In 2018, the owner relocated the business to a new building and yard situated on two parcels totaling over 11 acres.

Their success was credited to the owner, who created a company based on a team ideology paired with an immeasurable talent to usher his employees and business to the next level. They have been contracted to do site work for numerous large truck stops in south Texas, the major expansion of the Shoreline Christus Spohn Hospital, several large projects at the Naval Air Station and numerous other projects in between and along the way.

Since 2020, the proprietor's spouse has been running the business, with the assistance of the premium team her husband built. It is time for the business to continue its robust potential under new ownership.
The largest impediment to growth the last 18 months has been the gap of leadership from the owner who built the Company. While business has continued, there is a lack of strategic vision and wherewithal to get the business back on track. There is a talented team of employees who are very loyal and looking to help the business return to its previous potential.

This is ideal for a strategic buyer who is looking for entry into the area with a turnkey operation, who will capitalize on what the business has to offer.

Purpose built in 2019, steel frame metal building.

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Reason for Selling:

Personal

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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