Texas Heavy Construction General Contractor For Sale

Business description

The March Group currently represents a respected and reliable general heavy construction contractor specializing in concrete work. One of only a handful of erosion control specialists operating in this growing Southern market, the Company is also known for expertise in retaining wall and bridge building projects. Revenues increased, from $2.1 million in 2006 to over $2.85 million in 2008. With projects located primarily within a 100 mile radius of the firm’s headquarters, the favorable Southern climate helps mitigate the traditional seasonality of the industry. Adept at bidding jobs, with a 100 percent post-award client retention rate. Boasts an outstanding safety record, reflected by a workers’ compensation modified rate of only 0.86. Serves primarily as the contractor (rarely a sub-contractor), with current bonding capacity of $3.5 million per project and $6.0 million in aggregate. Project backlog generally fluctuates between $2 million and $2.5 million. Well-maintained equipment with a fair market value of approximately $450,000. Highly experienced in the type of paperwork required by the Corps of Engineers, the state DOT, and other large organizations. Current facility, company-owned and available for fair market lease, is sufficient to support pro-forma projections, as is the company’s fixed assets base. At present, nearly all contracts derive from the public sector via lowest bid, but entrance into the private sector is also a viable growth opportunity.

Property information

Real Estate:

Real Property Included

Premises details:

Operates from an 8,080 sq. ft. facility, of which 1,680 is office space – Company-owned and available for lease at the fair market rate. Facility & fixed assets base are sufficient to support pro-forma projections.

Size in square feet:

8,080

Other information

Competition / Market:

Based on industry trends and conditions, Company management predicts that municipal spending is very likely to increase in the coming year. The addition of commercial customers, trench and utility projects & geographic market expansion offer promising opportunities to take advantage of favorable market conditions

Support & training:

Management is committed to remaining with the Company following the sale to realize pro-forma objectives