Road Infrastructure With Utility And Sewer Work

Business Overview:

Their services primarily focus on roadways, underground utilities, and water/sewer projects, catering to all five boroughs of New York City for the past two decades. This firm has proved a successful track record working with various New York City agencies such as the Department of Design and Construction, Department of Environmental Protection, School Construction Authority and Port Authority of NY & NJ. There are 40-50 full-time W2 employees with union field staff in addition to the 2 VPs in place to take over.Their current backlog is over 54 million with more in the pipeline and they do not have any sort of designation such as MBE, WBE, or 8a etc. The business occupies a 25,000 square foot lot with a 4,000 square foot office space and comes with equipment and vehicles included in the purchase price, which have been valued at $2,861,000 during a 2023 appraisal. Priced at $4,495,000, the seller has offered to carry 10% of the purchase price in addition to a 10% equity roll inorder to show his vested interest in the continued success of the business moving forward. The seller is planning for retirement and has offered a training period of 1-2 years to ensure a smooth handover. In terms of growth opportunities, this business has the potential to take on larger projects.

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Property Features and Assets:

Equipment & Vehicles: $2,861,000 (2023 Appraisal)

Market Competition and Expansion:

Growth Opportunities: Take on larger projects and incorporate technology for estimating and project management.

Reason for Selling:

Additional Details:

Documents:

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