LAREDO, Texas
| Asking Price |
$8,200,000 |
Year Established |
2010 |
|
| Annual Revenue |
$18,959,342 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$2,644,493 |
Listing Number |
1019639 |
|
| # of Employees |
34 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
Large-scale infrastructure and underground utility installation firm in South Texas. The company’s primary client type is municipalities, counties, and schools. The Company serves a base of repeat clients, primarily developers and civil engineering firms. The business specializes in underground utilities (including fire mains), site development, and general contracting.
They have a consistent and predictable pipeline without reliance on formal marketing efforts – the backlog is over $8.6Million. Operations are supported by a team of 34 experienced personnel, including superintendents, crew leaders, skilled field teams, and administrative staff. The seller operates in an oversight capacity, not active field management - he is focused on strategic planning.
The seller is approaching retirement and has offered to remain involved for a transition period of 1 to 2 years post-close. Additionally, the seller has expressed a willingness to carry approximately 20% of the purchase price, demonstrating confidence in the ongoing performance of the business.
Priced at $8,200,000, this opportunity represents a scalable construction platform supported by an experienced team, established client relationships, and a consistent project pipeline. Growth opportunities exist through geographic expansion within Texas, re-entry into the oil and gas sector, and the addition of dedicated business development resources.
Property Features and Assets:
<p>Assets Included in Purchase: $3,637,209 </p><p> Heavy Equipment: $2,669,881 </p><p>Vehicles and Trailers: $784,385 </p><p>Other Assets: $182,943 </p><p>Included Working Capital: ~$1,900,000 </p><p>• WIP & Backlog: $8,685,357<br></p>
Market Competition and Expansion:
<p>Expansion into oil & gas sector, geographic expansion within Texas, scale workforce and project volume (path to ~$50M revenue)<br></p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity