MergerPlace

Construction Services

Utah


  • Asking Price: $630,000
  • Gross Income: $588,267
  • Cash Flow: $192,607
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $204,698
  • Listing ID: #203973
  • Established: 2015
  • Employees: 4 FT/1 PT

Business Description

This is a rapidly growing business in a rapidly growing market. With the tremendous growth being experienced in the Utah area in particular, the need for expansion of various utility lines, communication lines and ensuring that new lines do not interfere with older pipe lines and utility lines is increasingly more important. Business is generated via two scenarios: 1) The expansion of residential development in Utah requires a great deal of underground work relative to sewer, water, gas pipes as well as communication lines. 2) Existing neighborhoods and roads continue to have needs for upgraded piping, extension of communication services, replacement of older pipelines, cleaning and vacuuming services, etc. These services require pipeline inspections and certifications.

This business provides CCTV video inspection and cleaning of mainline pipe (storm drain/sanitary sewer and manhole boxes; new install for constructions services; pothole/hydro-excavating/vac services.

Services are typically bid on a project basis. However, existing relationships and history with companies has a significant impact on future job.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Utah

Company Information

Year Established: 2015
Home Based: Yes
Franchise: No
Relocatable: No
Number of Employees: 4 FT/1 PT

Financial Information

Asking Price: $630,000
Gross Revenue: $588,267
Cash Flow: $192,607
FF&E: $204,698
Seller Financing Available: No

Property Information

Facilities:

The business is operated from a leased location providing space for vehicle and equipment storage as well as certain office functions.

Growth & expansion opportunities:

The business has only been operational for 3 years but has shown phenomenal growth. They have established an excellent reputation and do work with most of the contractors in the area. They have done little or no marketing, so this represents a great opportunity to expand their reach.

Competition:

There are several firms that are involved in similar work in the Utah market. However, this firm has a strong geographical advantage over competition. They are located in the heart of the fastest growing area of Utah and this proximity to such a rapidly growing area generates a strong competitive advantage.

Reason for selling:

Owners are pursuing separate business interests.

Support & Training:

Will train for 4 weeks @ no cost. The company has excellent employees who do essentially all of the actual work. The owners are involved in the bidding process, scheduling of jobs and handling the financials. New owner would require a basic general contractor's license as well as a city business license. Neither are difficult to obtain. The employees have a variety of certifications within the industry.

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Business Listed By:

Marvin Slovacek

Murphy Business Brokers