Logistics and Sourcing for Bulk Material
| Asking Price: | $2,650,000 |
| Gross Revenue: | $22,505,421 |
| Cash Flow: | $731,745 |
| Established Year: | 2003 |
This business sources materials for infrastructure
developments, utilities, roads, and bridges. They source
materials from over 20+ national manufacturers and
vendors. They offer their services for municipal job sites
where Prime Contractors are performing utility and bridge
installations, including ductile/concrete pipe, precast storm
drainage & utility structures, cast iron manholes, and inlet
frames/covers. With the thought of a “recession” looming,
this company will be growing, as the newly passed
Infrastructure Bill will directly impact this company’s
revenue and shield them from economic downfall. The
team includes 1 VP, 1 Controller, 1 Estimator, and 1
Administrative Specialists. The current owner oversees the
team, meeting with key employees when needed, and
provides business development strategies. As a show of
good faith and vested interest in the ongoing success of
the company, the current owner is willing to hold a
promissory note for up to 10% of the total price. He is also
happy to stay on board for 1 year post close to ensure a
smooth transition. New ownership can expect to step into
a stable investment with three locations, including a
primary location in Delaware and satellite locations in
Georgia and Florida.
After building this business and operating in this industry
for 20 years, the current owner is ready for a change of
pace and is interested in exploring the next chapter of his
life. Priced at $2,650,000 this business has an established
business operation and enough stability for a new owner to
step in and continue operating the business as is. This
opportunity also affords new owners enough flexibility to
change things up and try out some new growth routes.
