Updated Hydrovac Excavating Business For Sale

Business description

This business is part of a North American network of independently owned Hydrovac Excavating businesses. This is a unique opportunity to own and operate a world class hydrovac excavating service business in the growing Saskatchewan economy. In its seven years of operation, this business has established a strong presence in its operating territory. With experienced staff in place, the business is well positioned for a new owner to drive future growth.

Hydrovac excavating is a non-destructive method of excavating which replaces conventional backhoe and digging techniques.

Since its start-up in 2004, the company has grown quickly and currently has three hydrovac excavation units in operation; all units are operated by experienced and dedicated operators. The company’s customer base is diverse and represents various industries including energy and natural resources, construction and utilities.

The owner of the company has trained and developed an experienced and dedicated group of operators. The owner has established an operating structure that allows him to oversee operations and develop new business without the constraint of being relied upon as operator.

The owner is of the opinion there are a number of opportunities to continue growing the business in its operating territory. Economic prospects for Saskatchewan and the operating territory for this business are very positive according to recent forecasts. Royal Bank of Canada's March 2011 forecast calls for a growth rate of 4.9% in 2011 and 4.3% in 2012.

In addition to general growth fuelled by a strong provincial and local economy, the owner believes there is an excellent opportunity to expand the business by adding more hydrovac excavating units.

The asking price for this business includes $160,000 of working capital.

Property information

Real Estate:

Lease

Premises details:

2750 sq ft, $ ON REQUEST

Business Operation

Reasons for selling:

Owner has other interests.

Trading hours:

Days: Monday to Friday, Hours: Normal Monday to Friday hours plus on call 24/7

Employees:

Full Time: 6

Years established:

8

Other information

Financing available:

Downpayment Required: ON REQUEST
Monthly Payroll: ON REQUEST
Financing is Available

Furniture / Fixtures value:

$238,000 (included in the asking price)