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Opportunities

Parks, Roads Infrastructure with 62 million in Backlog

Asset based loan should be utilized!

CASH FLOW
$1,021,954

Specifications

  • Employees
    50+ personnel including 20 core people (office & project managers & foremen); 30-50 union laborers depending on project needs

  • Cash Flow
    $1,021,954

  • Revenue
    $14,068,686

  • Equipment
    $2,350,000

  • Service Area
    NYC

  • Price
    $4,950,000

 

This Civil based Infrastructure business performs Site Prep for Parks, Roads and School Districts with a focus in paving. Their repeat client base includes the DOT, Department of Parks & Rec and the Port Authorities. The proof is in the performance with this NYC business as they have never defaulted on a project in their 43-year history. This business currently has over $38M in contracts! The assets are valued over 4 million, which include $2,350,000 in heavy equipment, $466,000 in vehicles and they will leave $500,000 in Working Capital! This makes the loan over-collateralized! The business utilizes a 12,000 sq. ft. building which includes an office, shop, machines, storage with 8,000 sq. ft. of unused space that could be used for expansion! The team consists of 20 core people, there is no shortage of trained professionals at hand, including office staff, project managers, and foremen plus 30-50 union laborers. The owner currently works about 25 hours a week and will provide transition for 2-3 years. The owner is ready to retire but has a vested interest in the continuing success of this business, to show good faith he is willing to finance and/or hold a 20% Equity Roll. Priced at $4,950,000, this business is primed and ready for a new owner to step in. Their work falls under the municipal umbrella: meaning if there should be a recession, their workflow will not be impacted. In fact, due to the US Infrastructure Bill, this business will grow significantly as $66 Billion dollars has been set aside for public transportation infrastructure work. A new owner could add plumbing, precast, fencing and hardscaping to the list of services as these are all growth opportunities. A buyer must qualify for a Minority, Woman or Veteran designation to own majority of this business.

 

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210 N 78th St. 2nd Floor
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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.