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Opportunities

Roadwork and Underground Utilities

Heavy Civil Firm with over 80 on staff: infrastructure related in municipalities!

CASH FLOW
$1,822,618

Specifications

  • Price
    $8,600,000

  • Revenue
    $15,835,718

  • Location
    Oklahoma

  • Service Area
    90-mile radius of the headquarters

  • Account Receivable

  • Equipment
    $3,989,735

  • Lease
    Location 1: 5,500 sq. ft.: Office and yard; Location 2: 7,500 sq. ft.: Maintenance and machine shop, large rolling doors, small office

  • Employees
    75: Administration, project managers, HR, safety, maintenance and mechanical, foremen, leads, operators, finishers, laborers

  • Intangible Assets
    Well-trained team, positive company culture, long-term client relationships, knowledgeable of the process to win bids

 

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-yearold 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 with storage 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 of 10-15% 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!

 

Purchase Price:

$8,600,000

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Years
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Bank Loan Needed: $

Years
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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2023 Cash Flow 		$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2023 Cash Flow 		$
Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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210 N 78th St. 2nd Floor
Omaha, NE 68114

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.