Underground Utilities And Roadwork In NYC

Business Overview:

This firm has proved a successful track record working with various New York City agencies such as the Department of Design and Construction, Department of Environmental Protection, School Construction Authority and Port Authority of NY & NJ; they do not currently do private work. The business occupies a 25,000 square foot lot with a 4,000 square foot office space. There are 40-50 full-time W2 employees with union field staff. The equipment and vehicles included in the purchase price have been valued at $2,861,000 during a 2023 appraisal. In addition to the appraised assets, their current backlog is over 54 million. Their services primarily focus on roadways, underground utilities, and water/sewer projects, catering to all five boroughs of New York City for the past two decades. Though they do not have any sort of certification for MBE, WBE, or 8a etc. The seller is planning for retirement and has offered a training period of 1-2 years to ensure a smooth handover – he already has 2 VPs in place to take over. In terms of growth opportunities, this business has the potential to take on larger projects.

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Property Features and Assets:

Equipment & Vehicles: $2,861,000 (2023 Appraisal)
•Including: Crawler Tractor, 6 Hydraulic Excavators, 3 Wheel Loaders, Backhoes, Asphalt paving equipment, Shoring and Trench shield equipment.
Backlog: ~ $54,000,000

Market Competition and Expansion:

Take on larger projects and incorporate technology for estimating and project management.

Reason for Selling:

Retirement

Additional Details:

Documents:

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