37684 – Recession-Resistant Earthwork Contractor in CA!
ConstructionFor Sale in CA
Financial & Assets Details
About the Business
From the Central Coast of California, specialty trade contractor specializes in a wide range of year-warrantied earthwork services for industrial and residential applications, such as underground utilities, erosion control, concrete, and asphalt paving, among other miscellaneous applications. Headquarters is an annually leased office facility of 1,200 square feet in a well-desired area. The property, in excellent condition, has a monthly rent of $1,235 and is zoned for commercial use. Thanks to marketing efforts that focus on job reputation and a proven word-of-mouth referral source system, substantial bid invites keep the business growing as additional opportunities are presented with additional crew members. While field projects are being operated near full capacity by skilled, experienced personnel of nine nonunion employees, the company is still capable of handling more with added field workers. The key manager in place agrees to stay post-purchase and is capable of handling added responsibilities. Mudslides and erosion work keep them operating year round. As a designated “essential business”, a large returning-customer base with referrals has carried company activity through national recessions for over three decades. The owner’s preferred stay is six months to ensure the long-standing client relationships are smoothly transitioned, thereby making the company ideal for a strategic buyer. Already projecting to outpace numbers in 2020, which reports current work orders of approximately $3,038,00, Revenues for 2019 were $3,135,572, with Seller’s Discretionary Earnings of $326,210.
Financing is negotiable for the right buyer.
Support & Training
Six months preferred.
Reason for Selling:
Approaching retirement and/or pursuing other interests.