Roadwork And Underground Utilities
Tulsa, OK Tulsa County
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- RE: Roadwork And Underground Utilities
- Contact: Not Disclosed
Quick Facts
| Asking Price: | $8,600,000 | |
| Annual Revenue: | $15,835,718 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,822,618 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2004 | |
| Employees: | 12 | |
| BBN Listing #: | 981791 | |
| Broker Reference #: | CBI043-B |
Business Overview:
Specializing on roadways, both asphalt and concrete paving, drainage projects, utility installations, and earthwork. The service mix is 75% roadways and 25% underground utilities.Their client base consists of municipalities and the Department of Transportation (DOT), airports and parks with approximately 15% of their annual workload coming from private sector clients. This is a reputable, non-union, 20-year old heavy civil company with a 90-mile radius of Tulsa. The company boasts a team of over 80 employees with key leadership positions including an operations manager, lead estimator, paving manager, survey manager, maintenance/fleet manager, safety director, HR manager, and Controller. The remaining staff is infield. The current owner remains involved in the business operations providing general oversight however he relies on his Leadership Team to manage all day-to-day operations. The business occupies 1.5 acres which includes two buildings: a two-story office withstorage space totaling 7,000 square feet and a large mechanic shop covering 7,500 square feet. The $8MM in assets make this bank loan 100% collateralized, plus $950,000 in working capital is included. The seller has offered to stay with the business post-close for 1-2 years and in order to sweeten the deal, he has offered to carry or roll equity of10-15% of the purchase price. Priced at $8,600,000, a 10% down payment of $860,000 returns $692,269 in the first year after debt payments, an 80% return on investment!
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Property Features and Assets:
Assets Included in Purchase: $8,058,662
Reason for Selling:
Retirement PlanningAdditional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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