Looking for a buyer.
This NYC-based multi-service commercial paving
business has $21M in backlog to be completed by
early 2023, equating to $1.68 million in profits! This
company is frequently selected for both standard and
unique paving projects for multiple government
organizations, resulting in repeat clientele. Their services
include concrete, excavation, asphalt, and paving work.
An excellent team of 20 core employees consistently
produce high quality work on even the hardest of
projects- the proof is in the performance with this NYC
business as they have never defaulted on a project in
their 43 year history. Established in 1979, the current
owners are ready to retire but have a vested interested
in the continuing success of this business. Any potential
owner can feel confident knowing they will receive ample
training on the ins-and-outs of this successful NYC
paving business.
While owner one is passive, he will continue his favorite
part of the job- checking in on work sites in his truck for
about an hour a day- for 3+ months after selling. Owner
two currently works about 30 hours a week, and will
provide training on administrative duties, such as
approving financials and payroll, to get the new owner
up to speed over the course of 2 to 3 years. Both owners
started out on the project team and have worked their
way up to ownership in the company, so they will be able
to provide any and all pertinent knowledge of company
operations.
With a team of 20 core people in place, there is no
shortage of trained professionals at hand, including
office staff, project managers, and foremen. There are
also###-###-#### union laborers, who are contracted as
needed. This excellent team provides work for some of
the largest clients in NYC, including the NYC DOT,
Department of Parks & Recreation, NY & NJ Port
Authorities, and the Board of Education. Again, their
work speaks for itself, recently winning an award for their
restorative work at one of NYC’s greatest parks! Their
pride and eye for detail has led to a stellar reputation &
allowed them to soar above competition over the years.
At a purchase price of $6,100,000, a buyer would expect
to see a return of $428,621 in the first year after debt
payments. With natural growth opportunities available
and a highly-trained core staff, there is no limit to what
this business could do!
listing type
exclusive representation
exclusive representation
industry
Construction
Construction
location
New York
New York
revenue
$21,000,000
$21,000,000
ebitda
$1,213,879
$1,213,879
proposed price
$6,100,000
$6,100,000
owner financing
$1,200,000
$1,200,000
To download teaser or contact poster, please sign in.
79 views
4 comments
Sign in to see all replies.
Create an account.