Road Contractor and Contract Drilling & Blasting Company
| Gross Revenue: | $20,742,000 |
| EBITDA: | $3,113,000 |
Listing ID: 2255729Listing provided by BizBuySell
BUSINESS DESCRIPTION
The Company is a family owned road contractor and contract drilling & blasting company. The Company’s site development services include earthwork & grading, relocation of material & new roadway, and safety improvements.
Key Aspects
• Approximately 90% of the Company’s 2023 revenue was generated from returning customers
• The Company had 14 contracts in progress at the start of 2024 with the
remaining total contract revenue estimated to be $11.2 million and gross profit of $1.2 million
• The Company's adjusted EBITDA grew at a compound annual growth rate(CAGR) of 73.4% from 2020 through 2023
•Financials as of 12/23
REF-BN000053472
DETAILED INFORMATION
Inventory
Not Included in asking price
Real Estate
Leased
Growth & Expansion
• Increase bidding efforts on the Commonwealth of Kentucky's increase in
government driven road investment
• Expand operating capacity into neighboring geographical regions
• Expand sales and marketing efforts in the drilling and blasting segment
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