Sewer & Waterway Contracting Business
New York, NY New York County
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- RE: Sewer & Waterway Contracting Business
- Contact: Not Disclosed
Quick Facts
| Asking Price: | $2,800,000 | |
| Annual Revenue: | $5,140,113 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $685,192 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2017 | |
| Employees: | 12 | |
| BBN Listing #: | 998059 | |
| Broker Reference #: | CBI050-B |
Business Overview:
This firm has focused on municipal & government clients for almost a decade. They have over $5,000,000 in backlog and specialize in water, sewer, and drainage for infrastructure projects, serving municipalities and government clients throughout the Hudson Valley region to Westchester NY. They are union-affiliated, allowing them to gain quality field labor when needed. They handle projects ranging from maintenance jobs to large multi-million-dollar contracts. The deal comes with over $1,200,000 in hard assets plus $1,200,000 in AR making this fully collateralized for a lender! 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 1-year 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 $2,800,000 a buyer would need $280,000 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.
Contact the Seller:
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Property Features and Assets:
Assets Included: $2,408,484
Market Competition and Expansion:
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:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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