Municipal Infrastructure For Water & Sewer

Business Overview:

This contracting firm specializes in water, sewer, and drainage for infrastructure projects, serving municipalities and government clients throughout the Hudson Valley region to Westchester NY. This focus on municipal clients has allowed the business to build strong, ongoing relationships and a solid reputation in the government contracting space. They are union-affiliated, allowing them to gain quality field labor when needed. They handle projects ranging from small maintenance jobs to large multi-million-dollar contracts. The office serves primarily administrative functions, most staff work directly in the field, and the company maintains a yard for equipment storage. The company employs 12 talented team members including a project supervisor, foreman, estimator, accounting manager, payroll manager, and field labor. The owner is involved, providing general oversight, reviews estimates, contract negotiation, and financial management. The seller is planning for retirement and has offered to stay with the business for up to six months to 1year post-sale and is willing to carrying 15% of the purchase price to show vested interest in the continued success of the business moving forward. Priced at $2,900,000 a buyer would need $290,000 in unborrowed funds to purchase. Growth opportunities include expanding service offerings beyond core competencies, reentering the New York City market, or scaling up to larger and more diverse infrastructure projects such as bridge or culvert construction.

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Property Features and Assets:

Vehicles: $150,743 Equipment: $741,547 A/R: $1,207,182

Market Competition and Expansion:

Growth Opportunities: Expand scope of service to include bridges and culverts, or hire an engineer

Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

Documents:

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