Demolition & Grading - Heavy Construction For Sale

Business description

Cash flow for 10 months of current fiscal year through April 2008 $1,027,000.

General engineering prime contractor specializes in demolition, site work and commercial trucking with concentration in public works projects. Not tied to residential construction. Currently all the company?s activities are within the Southern CA area. Many agencies and school districts have used this company for decades. Business has a solid reputation for doing quality work at reasonable prices. Growth opportunities are both vertical and horizontal expansions for the right experienced contractor or contractor company. They have a full line of equipment to do demolition, concrete cutting, removal, excavation and grading. Owners, after 20 years, have other ventures they want to pursue.

Why You Should Consider this Acquisition Opportunity:

Funding set in place from bond issues 4 or 5 years prior. Not tied to residential real estate cycles. Work 95% from public agencies, commercial and schools; 5% residential.

Heavy equipment includes trailers, skid loader, caterpillars, tractors and trucks. Owner says it?s the cleanest equipment out there. Included in the price

Revenues have increased year over year. For year ending June:
- 2008 10 mo. Through April 2008 $2,860,000
- 2007 $2.8 million
- 2006 $1.5 million
- 2005 $775 thousand

Building demolition approximately 75%, Interiors demolition 15%, Grading 10%.

Owner is licensed responsible managing employee (RME) and open to employment contract to ensure successful transition.. Need Demolition C-21 license and Engineering A license for site work.

All work in CA from Los Angeles to San Diego, Riverside and San Bernardino. Natural acquisition for ASB Abatement companies, or private developers not currently in public works, or contractors wanting to expand in this market area.

Strengths:
Impeccable reputation with school districts, public and private colleges, universities and public agencies, and Cal-Trans. Started in 1988.

Strength of assets (equipment), resume of company, and trust. Surety never had to step in. No accidents, no injuries, no workers comp claims, no litigation. Clean record.

Excellent books and records.

Employs 10 full-time and owners hire per project as needed. Trade employees with abatement company so employees are not laid- off.

Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.

Property information

Lease terms:

lease is month-to-month, option not disclosed.

Location:

800 sq.ft.-rent-$1,150.

Other information

Support & training:

seller will provide training.

Reasons for selling:

other ventures.

Financing available:

not disclosed.

Furniture / Fixtures value:

$795,000 (included in the asking price)