Business For Sale Listing 141356
Commercial Contractor-Demolition, Site Prep Serv.
Status as of Nov-22-2008 at 06:02 PM: Off The Market
Business Summary
Our firm invites interested Private Equity Groups and strategic fits to learn more about the very successful and well-established commercial contractor it is currently representing for acquisition. Offering turnkey capabilities that cover all aspects of the initial phase of a construction project via four complimentary operating divisions, the company can provide commercial interior/exterior demolition services, a complete line of roll-off container and packer-truck services, structural concrete and a host of site prep services (including excavation, drainage, grading, curbs, sidewalks, and asphalt). The consolidated operation counts on an employee base of 150, including an 8-person strong management team that would be willing to remain with the firm post-acquisition. A unique structure that allows the company to pursue both union and non-union demo jobs represents a significant competitive advantage. The company posted significant year-over-year growth between 2004 and 2006, representing a CAGR of 30.9%. 2007 revenues are expected to have hit $30 million, 38.5% higher than the previous year’s sales. Currently operates mainly as a subcontractor (90% of business), but an increase in the amount of prime contractor work could increase margins even further; the firm is bonded for $15 million. Boasts a well-diversified client base numbering nearly 250 active accounts, with the top five clients contributing less than 25% of revenues. A company-operated transfer station, located opposite the main facility, permits the dumping of waste on a 24/7 basis, for the best service to clients. The transfer station recently began to accept debris from other carting operations and is also LEED compliant, thereby enabling the provision of recycling programs. For a PEG or strategically-aligned firm that is better-capitalized than current ownership, there are fantastic opportunities to immediately increase the company’s business well beyond current levels.
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Industry
Location
Financials
| Sales: |
Between $25 Million And $50 Million (30,000,000) |
| Profits: |
Between $2.5 Million and $5 Million (4,092,000) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Asking Price: |
Not Disclosed |
