Roadwork and Underground Utilities

TULSA, Oklahoma

Asking Price	$8,600,000	Year Established	2004
Annual Revenue	$15,835,718	Reason for Selling	Retirement Planning
Annual P/L		Attention
Annual Cash Flow	$1,822,618	Listing Number	981791
# of Employees	12	Business Category	Services: Construction, Contractors

Business Overview:

Specializing on roadways, both asphalt and concrete paving, drainage projects, utility installations, and earthwork. The service mix is 75% roadways and 25% underground utilities.Their client base consists of municipalities and the Department of Transportation (DOT), airports and parks with approximately 15% of their annual workload coming from private sector clients. This is a reputable, non-union, 20-year old heavy civil company with a 90-mile radius of Tulsa. The company boasts a team of over 80 employees with key leadership positions including an operations manager, lead estimator, paving manager, survey manager, maintenance/fleet manager, safety director, HR manager, and Controller. The remaining staff is infield. The current owner remains involved in the business operations providing general oversight however he relies on his Leadership Team to manage all day-to-day operations. The business occupies 1.5 acres which includes two buildings: a two-story office withstorage space totaling 7,000 square feet and a large mechanic shop covering 7,500 square feet. The $8MM in assets make this bank loan 100% collateralized, plus $950,000 in working capital is included. The seller has offered to stay with the business post-close for 1-2 years and in order to sweeten the deal, he has offered to carry or roll equity of10-15% of the purchase price. Priced at $8,600,000, a 10% down payment of $860,000 returns $692,269 in the first year after debt payments, an 80% return on investment!

Property Features and Assets:

<p>Assets Included in Purchase: $8,058,662<br></p>

Market Competition and Expansion:

Additional Details: