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20+ Yr Old Excavating & Paving Company Close to Indianapolis 1.7M Net
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Asking Price: $7,499,999
Annual Figures: 2024
Gross Sales: $13,617,146
Net Profit: $1,668,843
Expenses: 2024
COGS: $7,895,218
Salaries & Wages: $2,490,422
Business Highlights:
- 21 years in business
- Residential, commercial, and Gov't jobs
- 60% of jobs are new construction
- 42 W-2's (Breakdown upon request)
- Estimator could be key man
- Employee tenure for higher level employees is over 5 years
- Service area: 80 mile radius
- $3,500,000 in assets coming with the sale
- No licenses needed to run the business besides septic license & municipality certs
- Projected to do the same numbers for 2025 as 2024
- There will be 2-3 mil in backlog for the buyer taking over
- Around $500,000 in Capex per year
- Could be some seller financing involved depending on the rest of the offer
- Fully approved by SBA with a Pari Passu at the full asking price (Approval in financials link)
- Seller is more than willing to make sure the transition goes very well. He isn't interested in rolling equity. He is looking to semi-retire and get into another venture not related to this industry.
- Reason for the sale: Wants to semi- retire and wants to get into the campground business
Annual Figures: 2024
Gross Sales: $13,617,146
Net Profit: $1,668,843
Expenses: 2024
COGS: $7,895,218
Salaries & Wages: $2,490,422
Business Highlights:
- 21 years in business
- Residential, commercial, and Gov't jobs
- 60% of jobs are new construction
- 42 W-2's (Breakdown upon request)
- Estimator could be key man
- Employee tenure for higher level employees is over 5 years
- Service area: 80 mile radius
- $3,500,000 in assets coming with the sale
- No licenses needed to run the business besides septic license & municipality certs
- Projected to do the same numbers for 2025 as 2024
- There will be 2-3 mil in backlog for the buyer taking over
- Around $500,000 in Capex per year
- Could be some seller financing involved depending on the rest of the offer
- Fully approved by SBA with a Pari Passu at the full asking price (Approval in financials link)
- Seller is more than willing to make sure the transition goes very well. He isn't interested in rolling equity. He is looking to semi-retire and get into another venture not related to this industry.
- Reason for the sale: Wants to semi- retire and wants to get into the campground business
About the Business
- Years in Operation
- 21
- Facilities & Assets
- 10 acres with multiple buildings and trucks on the property
- Market Outlook / Competition
- He has been growing pretty organically so the company can continue to expand if the right person comes in with that ambition.
- Opportunities for Growth
- There is plenty more work he could take on if he were to add more guys and put more trucks on the road but he doesn't want to grow any bigger than what he is at now. He could bid on a lot more work as well and would most likely get it.
About the Sale
- Seller Motivation
- - Reason for the sale: Wants to semi- retire and wants to get into the campgroun
- Transition Support
- Seller is more than willing to help stay for the transition. 60-90 days can be included and if the buyer needs him longer that can be arranged.
- Financing Options
- Yes, depending on what the rest of the offer looks like
Listing Info
- ID
- 2437743
- Listing Views
- 314
Listing ID: 2437743 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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