Business Overview:
This Profitable Water and Sewer Systems Maintenance Business for sale offers water maintenance and sewage solutions along with streetscapes, sidewalk repairs, sidewalk renovations, and street crossings. The Company’s core competencies are its long-lasting relationships with its local governments and municipalities and its workforce’s flexibility to complete most water or sewage projects regardless of the timeframe.
The Company was founded over 60 years ago by the founder and has undergone changes in ownership since. The current owner has managed many parts of the Business but is willing to stay on for an extended period to ensure that new ownership will be able to operate the Company effectively. At this point, he focuses on bidding and estimating, procuring materials for jobs, as well as project timeline organization. The Company currently employs 12 other employees handling all aspects of on-the-job labor and office duties.
The owner desires to divest the Business so that he can spend more time with his family. The owner is willing to provide reasonable and customary transition assistance and is committed to supporting the Company’s continued growth throughout an extended transition period.
The Company has one facility which is owned within the operating entity. The facility is well maintained and offers both an office and shop portion. The owner wishes to lease the facility to new ownership but is willing to sell the facility with the right circumstances.
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Property Features and Assets:
The Company operates out of one facility totaling 7,800 square feet. The building includes both a section for office and shop employees.
Market Competition and Expansion:
Investment Highlights Include:
(1) Long-Lasting Relationships, Streamlined Bidding Process, and Sufficient Bonding Capacity: With many customers that have worked for the Company for approximately half of a century and its seamless bidding and sufficient bonding capacity, the Company has the edge to be able to win bids on projects that other less established companies cannot.
(2) Substantial Equipment Base: The Company possesses a sufficient equipment base to be able to handle most water and sewage jobs and to provide flexibility within the construction process.
Growth Opportunities Include:
(1) Establishing Online Presence and Marketing Strategy Implementation: The Company lacks a website and other advertising strategies which could showcase its services and expand its customer base.
(2) Workforce Expansion: By expanding the number of office workers and on-site workers, the Business could take on more projects and delegate the owner’s duties to focus on potential growth aspects of the Company.
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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