Parks, Roads Infrastructure with 62 million in Backlog
Bank Pre-Approved with 10% down!
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 $62M in backlog – the highest they have ever had! The assets are valued over 4 million, which include $2,350,000 in heavy equipment, $1.3 million in vehicles and they will leave $500,000 in Working Capital! This makes the loan over-collateralized plus there is a bank loan already pre-approved for a qualified buyer! 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 30% Equity Roll. 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! Priced at $5,100,000, this business is primed and ready for a new owner to step in and enjoy a backlog that has surpassed their all time high. 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 recently passed 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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Omaha, NE 68114
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