Excavation and Construction Corporation
Location Delaware,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1998
Number of Employees 1 - 3
Inventory 260000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training Seller will stay for transition
Reason for Sale Health Issues
Description Owner operated firm established in 1998 building good relationships and reputation in the construction and excavating business. Referral customer base is about 55%; percentage of repeat customers is 98%. There is an increase in residential and commercial projects in a rapidly growing area. Six buildings, 9000 sq. ft. on 14+ acres of land, fully equipped heated shop including two work trucks, in addition to a large brick ranch house with home office. 2 full time employees, 1 part time. Seller will remain as long as requested for smooth transition to maintain excellent reputation and relationships with current clients. Key employees will stay per request of new owner. Owner wishes to retire due to health issues. Well respected sub-contractor for dozer services, dump trucks, site work and foundations. New owner has potential to bid more jobs for sub-contracting, demolition and concrete work. Located on a maintained county road near Routes 1 & 13, seven miles from Summit Airport near Dover and Wilmington. Some competition, however, excellent work history, outstanding reputation & quality work promote a 98% referral customer base.Great opportunity for expansion with 14+ acres of land. Recommend hiring more workers, bid more jobs, perform sub-contracting work, more commercial work, more demolition and concrete work, as well as increase marketing and expand hours of operation.
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