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Opportunities

Site Work, Asphalt, Concrete & Paving for Government

$21M in backlog for 2022-2023!

CASH FLOW
$1,286,552

Specifications

  • Employees
    20 core people (office & project managers & foremen); 30-50 union laborers depending on project needs

  • Cash Flow
    $1,286,552

  • Revenue
    $21,000,000

  • Equipment
    $3,378,282

  • Location
    Long Island, NY

  • Service Area
    NYC

  • Account Receivable
    $5,800,895

  • Reason for Sale
    Retirement

  • Price
    $5,800,000

With a team of 20 core people in place, there is no shortage of trained professionals at hand, including office staff, project managers, and foremen.  There are also 30-50 union laborers, who are contracted as needed. This excellent team provides work for some of the largest clients in NYC, including the NYC DOT, Department of Parks & Recreation, NY & NJ Port Authorities, and the Board of Education. The proof is in the performance with this NYC business as they have never defaulted on a project in their 43 year history. This NYC-based multi-service commercial paving business has $21M in backlog to be completed by early 2023, equating to $1.68 million in profits!  This company is frequently selected for both standard and unique paving projects for multiple government organizations, resulting in repeat clientele. Their services include concrete, excavation, asphalt, and paving work.

 

Established in 1979, the current owners are ready to retire but have a vested interested in the continuing success of this business. Any potential owner can feel confident knowing they will receive ample training on the ins-and-outs of this successful NYC paving business. While owner one is passive, he will continue his favorite part of the job- checking in on work sites in his truck for about an hour a day- for 3+ months after selling. Owner two currently works about 30 hours a week, and will provide training on administrative duties, such as approving financials and payroll, to get the new owner up to speed over the course of 2 to 3 years. Both owners started out on the project team and have worked their way up to ownership in the company, so they will be able to provide any and all pertinent knowledge of company operations. Again, their work speaks for itself, recently winning an award for their restorative work at one of NYC’s greatest parks! Their pride and eye for detail has led to a stellar reputation & allowed them to soar above competition over the years. 

 

At a purchase price of $5,800,000, a buyer would expect to see a return of $428,621 in the first year after debt payments.  With natural growth opportunities available and a highly-trained core staff, there is no limit to what this business could do!

Purchase Price:

$5,800,000

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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:
2021 cash flow
$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2021 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.