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Quality Bridge & Government Contractor with Property! (37965)


Located in Southern Oklahoma, this heavy construction contractor offers industrial services for government construction projects, such as bridge repairs and highway roadwork for the OK & TX DoT’s (Departments of Transportation.) The business specializes in various developments, from earthwork, foundations, grading and pavement to preliminary site planning. Other services include design consultation, slipform parapet rails, box culverts, wall retentions and utility projects. Revenues for 2023 were $22.2 million, with EBITDA of $1.45 million.  The Company is projecting 2024 revenues to again exceed $20 million.  A third-party appraisal in 2024 appraised the fair market value of the equipment to be $5.5 million.  A 21,400 square foot facility includes about 5,000 sq. ft. of clerical room, 2,400 sq. ft. of workshop space, and a storage section of 14,000 sq. ft. The Seller prefers to sell the property with the business at the appraised value.  A tenancy, however, can be negotiated at a rate of $10,000 monthly. Holding over two decades of experience in a family-operated business, skilled personnel of 35 nonunion and cross-trained employees with management teams in place agree to remain post-sale to uphold the great reputation of the business. An extended owner transition period of up to six months is available if desired.



Listed By: Dean Blythe

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Background information

Seller Number:

37965

Year established:

1999

Reason selling:

Approaching retirement.

Finance

Sales:

$22,155,525

Profits:

$1,846,743

Profit type:

Discretionary Earnings

Operations

Employees:

35 nonunion employees.

Equipment:

$5,500,000

Inventory:

N/A

Premises

Facility:

Property valued at $1,250,000 can be purchased separately.

Square footage:

21,400+/-

Opportunities

Market:

Referral Sources.

Price and terms

Price:

$5,495,000

Financing:

Standard SBA-term financing will be negotiable for qualified buyers.

Owner Transition:

Cross-trained personnel with management teams in place can remain for extended owner acclimation of up to 6 months if desired.