Excavating & Hauling Company w/ $2.5M in Equipment #68241
Business Description
BUSINESS HIGHLIGHTS:
The Company specializes in excavation and hauling services for commercial and residential builders serving the Southeastern region of the US. Excavation services include digging basements, grading, trenches, and foundations, and expertise extends to the demolition of buildings, ensuring a comprehensive suite of excavation solutions. The Company provides efficient hauling services, moving large amounts of material for a diverse range of customers, and is also a leader in recycling scrap metal and cardboard highlighting their commitment to sustainability and effective waste management. The Company has a strong fixed asset base with approximately $2.5M FMV in owned vehicles, tools, and equipment.
The Company specializes in excavation and hauling services for commercial and residential builders serving the Southeastern region of the US. Excavation services include digging basements, grading, trenches, and foundations, and expertise extends to the demolition of buildings, ensuring a comprehensive suite of excavation solutions. The Company provides efficient hauling services, moving large amounts of material for a diverse range of customers, and is also a leader in recycling scrap metal and cardboard highlighting their commitment to sustainability and effective waste management. The Company has a strong fixed asset base with approximately $2.5M FMV in owned vehicles, tools, and equipment.
About the Business
- Years in Operation
- 41
- Employees
- 10
- Facilities & Assets
- The Company operates from a 2,000 square foot office leased from an independent party. Management indicates that its current location is adequate for expansion in the near-term, and expects this space to be leased in the future.
- Market Outlook / Competition
- • Gross Profit Percentage is Above Industry Benchmarks: The Company’s gross profit of $1,800,000 in 2023 represents a margin of 61.0%. The Company’s margin is higher than the industry average for companies of its size at 41.9%.
• Decreasing Operating Expenses: Operating expenses have been trending lower, decreasing as a percentage of sales from 74.8% in 2021 to 45.4% in 2023. Effective management of operating expenses led to greater profitability over the historical period. - Opportunities for Growth
- >Fragmented Industry Consolidation
>Develop Sales & Marketing
>Additional Staff
About the Sale
- Seller Motivation
- Seller would like to focus on other life objectives
- Transition Support
- Seller will offer whatever training is necessary for a proper transition.
Listing Info
- ID
- 2348480
- Listing Views
- 579
Attached DocumentsAttachment Disclaimer
Listing ID: 2348480 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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