Heavy Construction General Contractor
Location Texas,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2100000
Net Profit / Cash Flow $159000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1990
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Management is committed to remaining with the company following the sale to realize pro-forma objectives.
Description The March Group, LLC currently represents a respected and reliable general heavy construction contractor specializing in concrete work. One of only a handful of erosion control specialists operating in this growing Southern market, the Company is also known for expertise in retaining wall and bridge building projects. Based on preliminary results from FYE 09.30.07, the Company is expected to have hit revenue projections of $2.5 million. With projects located primarily within a 100 mile radius of the firm's headquarters, the favorable Southern climate helps mitigate the traditional seasonality of the industry. Adept at bidding jobs, with a 100 percent post-award client retention rate. Boasts an outstanding safety record, reflected by a workers' compensation modified rate of only 0.86. Serves primarily as the contractor (rarely a sub-contractor), with current bonding capacity of $2.5 million per project and $5.0 million in aggregate. Project backlog generally fluctuates between $2 million and $2.5 million. Well-maintained equipment with a fair market value of approximately $450 thousand. Highly experienced in the type of paperwork required by the Corps of Engineers, the state DOT, and other large organizations. Current facility, company-owned and available for fair market lease, is sufficient to support pro-forma projections, as is the company's fixed assets base. At present, nearly all contracts derive from the public sector via lowest bid, but entrance into the private sector is also a viable growth opportunity. Contact for more information on this Construction business for sale.
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