Turnkey Excavating Company with Consistent Cash Flow

Price: $11,000,000
Annual Revenue: $12,096,000 Net Cash Flow: $2,906,000
Construction Cook County, Illinois
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This is a reputable excavating company serving a 100-mile radius in the Chicago area.

Projects are very consistent and come through referrals and word-of-mouth since they have an outstanding reputation.

There are 23 very loyal employees (many have been there for more than 15 years). Well kept excavating machines are also included.

Very Turnkey: A new owner will not need to micromanage the projects since the employees manage the projects from beginning to end.

A new owner could easily take this business to the next level by simply adding a website and marketing campaign.

Their 8 long-term employees will continue in their roles, ensuring operational continuity.

The seller is retiring; however, he will stay on for a reasonable amount of time to allow for an easy transition. He is also willing to consult the new owner after transition to help grow the business even further.

The office building is 3,000 sq. ft. and a new owner can either lease or buy it at market value.

There are 33 pieces of heavy equipment which include 17 vehicles, 8 trailers, & several attachments & small tools. Total machine/equipment value is about $2.8mil.

PLEASE NOTE: Seller is only considering buyers with at least 5 years of construction experience.

Listing Details

FFE: $2,800,000(Included in Price)

Reason For Sale: Retirement

Training & Support: Seller will stay on for a reasonable amount of time to ensure a smooth transition.

Operations

Employees: 23

Location

Square Footage: 3,000

Facilities Information: This company's office is located in a 3,000-square-foot building, and the owner is open to leasing or selling the premises.

Additional Information

Competition:

Very little competition since this company is the primary provider in this 100-mile radius.

Excavation2
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John Meyers Senior M&A Broker

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