Sourcing & Location of Materials for Road Work

Wilmington, DE
Kent County


Asking Price: Annual Revenue:
$4,700,000 $23,278,343

Services: Construction, Contractors


Request More Information
Contact the Seller

RE: Sourcing & Location of Materials for Road Work Broker: Jared Olson
Owner Financing is Available!
80% Buyer & Banker at Close $3,760,000 20% Seller Equity Roll and/or Promissory Note $940,000

Quick Facts

Asking Price: $4,700,000
Annual Revenue: $23,278,343
Net Profit: Not Disclosed
Cash Flow: $1,275,044
Total Debt: Not Disclosed
FF&E: $68,014
Real Estate: Not Disclosed
Year Established: 2003
Employees: 5
BBN Listing #: 344934398
Broker Reference #: DIS013-C

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

This business sources materials from national manufacturers & vendors, processes submittals for review & approval, releases materials & schedule delivery, and processes & tracks billings in a timely manner. They are a bulk material supplier & procurement company that provides services for municipal job sites where Prime Contractors are performing utility and bridge installations, including ductile/concrete pipe, precast storm drainage & utility structures, cast iron manholes, and inlet frames/covers. The team includes 1 VP, 1 Controller, 1 Estimator, and 2 Administrative Specialists. With the thought of a “recession” looming, this company will be growing, as the newly passed Infrastructure Bill will directly impact this company’s revenue and shield them from economic downfall. There have been three years of growth in revenue, going from $17 Million in 2020 to $23 Million in 2022! There is over $4.5M in contract receivables, which a buyer would take over on day of close. As a show of good faith and vested interest in the ongoing success of the company, the current owner is willing to roll equity and hold a promissory note for up to 20% of the total price. He is also happy to stay on board for 1-2 years post close to ensure a smooth transition.

After building this business and operating in this industry for 20 years, the current owner is ready for a change of pace and is interested in exploring the next chapter of his life. New ownership can expect to step into a stable investment with three locations, including a primary location in Delaware and satellite locations in Georgia and Florida.

Priced at $4,700,000 this business has an established business operation with over $1.1M in assets and enough stability for a new owner to step in and continue operating the business as is. This opportunity also affords new owners enough flexibility to change things up and try out some new growth routes.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Assets Included in Purchase: $1,196,941 Vehicles: $36,749 Equipment: $31,265 AP: $3,452,923 Contract Receivables: $4,582,350 Working Capital: $1,129,427 **Low CapEx!

Reason for Selling:

The owner is ready to explore his next chapter.

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.

Documents:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!