Excavation - Heavy Equipment Contractor
Location: Georgia > Coastal Area
Industry: Building and Const. Services > Construction Sub-Contractors
Financials
Asking Price: $3,950,000
Gross Revenue: $4,639,626
Cash Flow: $707,837
Inventory: $75,000 (Included in Asking Price)
FF&E: $2,319,400 (Included in Asking Price)
Real Estate: $545,000 (Included in Asking Price)
Seller Financing: Negotiable with significant downpayment
Business Summary
Diversified Excavation Company successful for over 46 years in coastal Southeast USA. The geographic area is undergoing very significant land and commercial development by local, regional and national developers thus offering you a unique opportunity to participate in such economic growth. While many areas of the USA are not growing due to the current real estate cycle, the Coastal Southeast continues to attract long-term real estate investment & development because baby boomers want to live near the ocean and will choose coastal areas for their life-style change or retirement living. This firm is the local market leader in its segment by providing heavy equipment services in the construction of remediation ponds, installation of roadways, curbs & gutters and commercial parking areas and performs initial asphalt paving for same. This firm performs initial site preparation including land clearing, dirt mining & hauling, grinding, recycling and sales of pine & hardwood mulch, used asphalt and concrete derived from land clearing activities. The company is known by its reputation for integrity, quality work, and fair dealing with its many customers. The annual sales range from $4 to $6 million as the mix of civil construction projects will vary depending upon development needs. It is being offered as an asset sale for estate planning purposes. The heavy equipment operators and work crews are very experienced are are a key asset being offered. The 3 acre yard, shop and office site is available for lease for up to two years. A second location containing approximately 10.9 acres houses the firm's inert recycling operations and is included in the sale with the business. This company is environmentally friendly, necessary and growable beyond the present one county market.
About the Business
Year Established: 1961
Employees: 30 full time - 1 part time
Facilities: Office, shop and 3 acre yard available for lease for up to 2 years. 10.9 acre inert grinding and recycling site included for sale as part of business.
Market Outlook and Competition: Coastal Georgia is teeming with new land clearing, new subdivisions & commercial development which is expected to continue for several years. The market outlook is very bright in 3 adjoining counties.
About the Sale
Management Training and Support: Owner is willing to remain for 12 months if requested .
Reason For Selling: Family Estate Planning Purposes

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Listing Tools
BizQuest ID:836696
Seller ID:15790022
Business Listed By
Name:Clay Huddleston
Company:Huddleston Business Network Inc.
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