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Profitable commercial construction general engineering contractor, with recurring Fortune 500 customers, over 50 employees, and extensive equipment and vehicles. In San Francisco Bay Area.
Typical annual sales close to $7,500,000, with typical SDE for the owner-manager of about $1.4 million. Asking price is $8,000,000, subject to negotiation, terms, and timing. Some seller financing possible. All reasonable offers will be considered.
Profitable commercial construction general engineering contractor, with recurring Fortune 500 customers, over 50 employees, and extensive equipment and vehicles.
Typical annual sales are close to $7,500,000, with EBITDA of about $1.9 million. The asking price is $8,000,000, subject to negotiation, terms, and timing. Some seller financing is possible. All reasonable offers will be considered.
This profitable business is engaged in general engineering construction contracting, including underground construction and paving. Particularly engaged in sustainable, consistent, ongoing services for the telecommunications industry consisting of directional boring, open trenching, rock saw trenching, asphalt removal & replacement, concrete removal & replacement, and paving.
Customers consist of major telecommunications and other Fortune 500 companies throughout Northern California. The company employees over 50 personnel consisting of office staff, field management, and 5 production field crews of 6-8 men per crew. It has bee in business for over a decade and carries a Class A & B Contractors License.
The business is housed in a warehouse/office space and yard space for vehicles & equipment at rent of approximately $9,000 per month in an industrial area. A new owner can continue the lease arrangement pending approval of the landlord and buyer to ongoing terms.
The acquisition includes all furniture, fixtures, and equipment ('FF&E') with an estimated market value in excess of $3,000,000. All FF&E, including vehicles, will be conveyed to the buyer free of all liens and encumbrances.
The current owner will be available for a smooth training and transition process.
The market reach and potential growth are unlimited based solely on expansion of the geographic area served.
Gross Revenues in 2020 (COVID Year) were $6,826,000, with EBITDA calculated at $1,831,00.
Gross Revenues in 2021 were $7,338,000, with EBITDA calculated at $1,985,000.
Based upon current negotiations, the company anticipates 2022 sales of $10 to $12 million.
The owner-manager in salary, benefits, and perks earns about $300,0
The Transaction: The asking price is $8,000,000. However, the seller will consider all reasonable offers and will accept an offer based on a combination of price, terms, and timing. The sale includes all assets, tangible and intangible, except for accounts receivable, cash-on-hand, and the corporate entity itself, and also excluding all accounts payable and notes payable which will be satisfied by the seller at or before Closing.
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.