Business Overview:
Ready to “dig” up some massive profits?
The Company “Project Trench” completes excavation work, water lines, sewer lines, chemical sewer lines, site development and restoration, pile driving, snow removal, and utility repairs for large industry-leading industrial companies. Typical job sizes range anywhere from $2,000 to $4,500,000.
Due to its 60+ year relationships with these customers, the Company is one of the two specialty contractors in its geographic area of operation. With minimal competition during the bidding process, the Company consistently produces elevated margin levels compared to commercial and MDOT (Michigan Department of Transportation) contractors.
The Company maintains a longstanding and experienced employee base with an average Company tenure of 16+ years and no union ties. The owner supports the employees and does not micromanage but will work alongside the employees in the field when necessary. The Company’s top six managers have an average tenure of over 22 years. The management team is fully capable of running the Company’s day-to-day operations without oversight from the owner.
The owner has spent most of their life working in the Business and is ready to begin the transition into retirement. The owner would like to sell the Business so it can continue providing service to its customers and employment to its loyal employees. Currently, the owner assists in day-to-day operations, purchasing materials and equipment and working in the field as necessary. The owner is willing to continue in the Business full-time for one year, post-transaction, before transitioning to a part-time/ad-hoc role.
The Company’s facility is owned within the Business entity. The owners are flexible on selling or leasing the real estate with the Business.
Buyers will be required to have a minimum of $2,000,000 in available liquid capital to receive information about this Non-Union Heavy Civil Excavation Contractor.
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Property Features and Assets:
The Company operates out of a 12,600-square-foot facility that is owned by the Company. The facility is split between an office area (3,000 square feet) and a maintenance shop (9,600 square feet). The property is located in an industrial-zoned area with neighboring properties and buildings available if expansion is necessary.
Market Competition and Expansion:
Investment Highlights Include:
(1) Experienced and Long Tenured Management Team
(2) Pre-Negotiated Labor and Equipment Rates
(3) Limited Competition
(4) Long-Standing Customers
Growth Opportunities Include:
(1) Increase Equipment Utilization
(2) Favorable Downstream Market Trends
(3) Improve Online Presence
(4) Targeted Recruitment Strategies
Reason for Selling:
Ownership would like to pursue retirement.
Additional Details:
- The property is owned.
- 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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