INDIANAPOLIS, Indiana
| Asking Price |
$11,550,000 |
Year Established |
2011 |
|
| Annual Revenue |
$10,687,504 |
Reason for Selling |
Retirement planning |
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$2,566,723 |
Listing Number |
1010322 |
|
| # of Employees |
34 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
This excavation business provides a full range of services including large-scale site preparation, grading, underground utility installation, and dump truck hauling. Serving municipalities, schools, industrial facilities, commercial developers, and general contractors, their diversified customer base and consistent demand have driven a sustained four-year growth trend. Established in Central Indiana, they extend service to clients spanning a 50-mile radius of Indianapolis and have done so for the last 15+ years! The operation is supported by a seasoned team of 34 employees, including an experienced General Superintendent, four Foremen, CDL drivers, equipment operators, and an Office Manager, providing an established leadership structure and smooth day-to-day execution. The acquisition includes over $1,300,000 in working capital and more than $2,500,000 in equipment and hard assets, with an additional $3,400,000 in WIP & Backlog making this a wellcapitalized, asset-rich acquisition with immediate cash flow and strong regional market presence. The seller is preparing for retirement and is committed to a seamless transition, offering up to three years of support in addition to carrying 25% of the purchase price. This business does not utilize any special designations or use the union for labor.
Property Features and Assets:
<p>Vehicles & Equipment: $2,659,500 </p><p>Working Capital: $1,315,855 </p><p>WIP & Backlog: $3,444,775<br></p>
Market Competition and Expansion:
<p>Add ancillary services such as asphalt<br></p>
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