Parks, Roads Infrastructure With 62M Backlog

Business Overview:

This Civil based Infrastructure business performs Site Prep for Parks, Roads and School Districts with a focus in paving. Their repeat client base includes the DOT, Department of Parks & Rec and the Port Authorities. The proof is in the performance with this NYC business as they have never defaulted on a project in their 43-year history. This business currently has over $38M in contracts! The assets are valued over 4 million, which include $2,350,000 in heavy equipment, $466,000 in vehicles and they will leave $500,000 in Working Capital! This makes the loan over-collateralized! The business utilizes a 12,000 square feet building which includes an office, shop, machines, storage with 8,000 square feet of unused space that could be used for expansion! The team consists of 20 core people, there is no shortage of trained professionals at hand, including office staff, project managers, and foremen plus 30-50 union laborers. The owner currently works about 25 hours a week and will provide transition for 2-3years. The owner is ready to retire but has a vested interest in the continuing success of this business, to show good faith he is willing to finance and/or hold a 20% Equity Roll. Priced at $4,950,000, this business is primed and ready for a new owner to step in. Their work falls under the municipal umbrella: meaning if there should be a recession, their workflow will not be impacted. In fact, due to the US Infrastructure Bill, this business will grow significantly as $66 Billion dollars has been set aside for public transportation infrastructure work. A new owner could add plumbing, precast, fencing and hardscaping to the list of services as these are all growth opportunities. A buyer must qualify for a Minority, Woman or Veteran designation to own majority of this business.

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Property Features and Assets:

Heavy Equipment: $2,350,000

• Backhoes, Loaders, Excavators, Dump Trucks

Equipment: $811,500

• Skid Steers, Rollers, Hydraulic Hammers, Asphalt Spreaders, Forklifts

Vehicles/Trucks/Trailers: $466,000

• Service Trucks, Pickup Trucks, Dump Trucks, Diesel Van & Truck, Trailers

Working Capital: $500,000

Leasehold Improvements: $159,197

Market Competition and Expansion:

Add plumbing services, precast, fencing, hardscaping.

Reason for Selling:

Retirement

Additional Details:

Documents:

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