Their services primarily focus on roadways, underground
utilities, and water/sewer projects, catering to all five
boroughs of New York City for the past two decades. This
firm has proved a successful track record working with
various New York City agencies such as the Department of
Design and Construction, Department of Environmental
Protection, School Construction Authority and Port Authority
of NY & NJ. There are 40-50 full-time W2 employees with
union field staff in addition to the 2 VPs in place to take over.
Their current backlog is over 54 million with more in the
pipeline and they do not have any sort of designation such as
MBE, WBE, or 8a etc. The business occupies a 25,000
square foot lot with a 4,000 square foot office space and
comes with equipment and vehicles included in the purchase
price, which have been valued at $2,861,000 during a 2023
appraisal. Priced at $4,495,000, the seller has offered to carry
10% of the purchase price in addition to a 10% equity roll in
order to show his vested interest in the continued success of
the business moving forward. The seller is planning for
retirement and has offered a training period of 1-2 years to
ensure a smooth handover. In terms of growth opportunities,
this business has the potential to take on larger projects.