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Commercial, Industrial Construction: Excavation, Drilling

Location  Texas,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $457000
Net Profit / Cash Flow  $100000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1980
Number of Employees  6 - 9
Inventory  425000
Relocatable  Yes
Number of Employees  6 - 9
Real Estate  Owned
Training  The key employees will most likely be available after the sale of the company. Owner will remain for transition to acclimate new owner to area, business and customers.
Reason for Sale  Other interests.
Description  Founded in 1978 and under current ownership since 1989, this wonderful Texan business is a specialty contractor that provides excavation services for drilled pier foundations in new commercial and industrial construction. The company provides deep shaft foundations to general contractors, concrete subcontractors and individual owners. The drilled shaft excavations range from one foot to over nine feet in diameter at depths up to 50 feet. Typically these piers have a cone-shaped bell bottom that ranges from three feet to twelve feet in diameter. The company also provides slurry process drilling (bentonite and polymer) and temporary and permanent casing capabilities. Concrete and reinforcing steel are placed into these excavations to build a reliable foundation for a new structure of any size. Because this outstanding offering has a wide array of clients, no individual client comprises over 10% of their revenue. The customer base is primarily general contractors and concrete contractors with a customer list of over 1500 individual firms, and the business operates in a market area within a radius of 200 miles of its metropolitan city. The owners are currently in good standing with several associations, including: International Association of Drilled Shaft Contractors (ADSC) and The Associated General Contractors of America (AGC). Located in SE TX, 1.5-acre lot with 1950s building located near various high-traffic highways. The 2500 square foot building has a shop area, storage, a work area and an office. Though the building itself could use some work, the property has room for expansion is the new owner so chooses. The business can also be relocated within the metro area. Property with option to buy ($150k) or lease. The business has 4 truck-mounted rigs and 1 low clearance special access rig, both of which are included in the asking price along with all inventory & equipment. Asking $600k, Contact Jason, 972-331-6578.
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