Business Summary:
This business sources materials for infrastructuredevelopments, utilities, roads, and bridges. They sourcematerials from over 20+ national manufacturers andvendors. They offer their services for municipal job siteswhere Prime Contractors are performing utility and bridgeinstallations, including ductile/concrete pipe, precast stormdrainage & utility structures, cast iron manholes, and inletframes/covers. With the thought of a “recession” looming,this company will be growing, as the newly passedInfrastructure Bill will directly impact this company’srevenue and shield them from economic downfall. Theteam includes 1 VP, 1 Controller, 1 Estimator, and 1Administrative Specialists. The current owner oversees theteam, meeting with key employees when needed, andprovides business development strategies. As a show ofgood faith and vested interest in the ongoing success ofthe company, the current owner is willing to hold apromissory note for up to 10% of the total price. He is alsohappy to stay on board for 1 year post close to ensure asmooth transition. New ownership can expect to step intoa stable investment with three locations, including aprimary location in Delaware and satellite locations inGeorgia and Florida.After building this business and operating in this industryfor 20 years, the current owner is ready for a change ofpace and is interested in exploring the next chapter of hislife. Priced at $2,650,000 this business has an establishedbusiness operation and enough stability for a new owner tostep in and continue operating the business as is. Thisopportunity also affords new owners enough flexibility tochange things up and try out some new growth routes.
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