MergerPlace

National Geotechnical Contracting

Tennessee


  • Asking Price: $2,300,000
  • Gross Income: $3,722,472
  • Cash Flow: $734,142
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $914,081
  • Listing ID: #220947
  • Established: 2010
  • Employees: 10 FT / 1 PT

Business Description

This company is an established geotechnical contracting company which specializes in drilling and grouting services for mining projects and heavy civil construction projects such as dams, tunnels and bridges. It works on projects across the country and has done international work as well. Operating as a small, versatile and efficient company allows for immediate mobilizations, on site decision making, versatile contracting options and equipment manufacturing and modification. The company has an experienced team in place which is easily deployed to the job site. Many clients have asked for additional related services so expanding the company's scope of services could present significant opportunity for a new owner.


Business Details

Primary Business Category: Services - Other Services
Location: Tennessee

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 10 FT / 1 PT

Financial Information

Asking Price: $2,300,000
Gross Revenue: $3,722,472
Cash Flow: $734,142
FF&E: $914,081
Seller Financing Available: No

Property Information

Facilities:

The business occupies a 9000 square foot facility. This is used primarily for storage of equipment. Since personnel work in the field and owners primarily work from home offices, rarely is someone in the office. A new owner could choose to keep this location or could potentially relocate it however might risk losing personnel if relocated outside of the region.

Growth & expansion opportunities:

Company is frequently asked to bid on and perform related services which may be out of their current technical scope. Expanding its service offerings by securing the experienced personnel necessary could increase revenue. Additionally, being able to bond for larger jobs would create more project opportunities which the company currently has to turn down.

Competition:

There are a limited number of companies in this space. Most of them are much larger than this business however they are not as adaptable and cannot provide the customized solutions for unique situations that this company does.

Reason for selling:

Owner will be retiring soon.

Support & Training:

Categorizing the company's services is not easily done because many clients go to them to solve problems that are unique. The company's primary services include consolidation grouting, permeation grouting, structural and contact grouting. Drilling work is performed in support of their grouting operations as well as for other drilling applications. The company also provides specialized services where customized solutions are required.

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Business Listed By:

Betty Schnaufer

Murphy Business Brokers