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Earth & Dirt Work Company with Utility Installation

New owner benefits from experienced crew & $15M+ in assets included in purchase!

CASH FLOW
$3,348,236

Specifications

  • Price
    $13,900,000

  • Revenue
    $23,129,882

  • Cash Flow
    $3,348,236

  • Equipment
    $15,000,000

  • Location
    Henderson County, KY

  • Account Receivable
    $5,000,000

This well-established excavation company has $34,000,000 in backlog for 2022! They boast 50% repeat clients and operate in Kentucky, Virginia, and West Virginia, completing large site retail and road excavation, site preparation, and utility installation. The longevity of this business has resulted in an excellent reputation for high-quality work, completed on time, every time. This has given the business the ability to service diverse and high-profile clientele. They complete projects for many big-name clients, such as Walmart and Home Depot, as well as large state governments in their operating area. As if these benefits weren’t enough, this business is not only over-collateralized with $15+ million in assets, but also has a projected valuation of $20.4 million based on 2022 projections! By purchasing this business today at $13,900,000, the new owner would benefit from an increase in valuation by simply completing the backlog of scheduled projects!

 

The current owner performs general oversight as a preference, as he is 86 years old. His passion for the job is clearly contagious, as he has multiple personnel that have been employed for 10+ years. There is a highly trained leadership board on staff, including 9 site superintendents and 3 project managers. They also have an excellent office staff to handle billing and administrative duties, and they consistently hire 90-130 laborers to assist with projects as needed. This large and diversified team allows the company to work with a wide variety of clients, and the team takes pride in each job performed. It is pertinent to note that all staff have signed an agreement to stay on through completion of their current projects, so long as they remain at the same salary and bonus structure.

 

Priced to sell at $13,900,000, this excavation company has it all with repeat clientele, profitable contracts, and excellent name recognition. A new owner will benefit from all of these key factors plus the $34,000,000 in backlog scheduled to be completed by the end of 2022. This company is also poised to benefit from the increase in business and revenue brought on by the 2021 infrastructure bill. There has never been a better time to get into the construction business and, given all of the positive points listed above, this Kentucky based excavation company is ready to capitalize on these incredible opportunities!

Purchase Price:

$13,900,000

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Funding Details

Business:

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% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

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Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

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Monthly Payment to Seller: $
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Total Monthly Debt Service: $
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Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
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Annual Debt Service: $
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Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

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Annual Debt Service: -$
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Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
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210 N 78th St. 2nd Floor
Omaha, NE 68114

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.