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Over 42+ years in business!

Pierce County, WA

Seller Financing Available

current project 4/1/24
Sale Pending
Asking Price:$2,650,000
Gross Revenue:$4,400,000
Rent:$6,500/Month
Established Year:1982
Cash Flow:$938,578
Inventory:$830,000
FF&E:$1,533,000
Listing ID: 2049103Listing provided by BizBuySell
BUSINESS DESCRIPTION

This company specializes in preparation and excavation work, and has contracts with both private companies and municipalities. The business has been operating since 1967 and changed its name in 1982. In the same year, the company was taken over by two young men one of which was the owner's son. The two men have always maintained a solid reputation in this niche industry. Despite the challenges of the last five years, they have maintained their five-star rating and are best known for their integrity, professionalism, and quality of work. Financing Information: Listing Price $2,650,000. with Equipment of $1,500,000. For a total of $2,650,000. company approved for a 10% SBA loan through Diamond Financial,
These motivated sellers are now ready to receive your offer.

ATTACHED DOCUMENTS
Description notes.pdf.pdf Download
Non Disclosure Agreement 8-7-23.pdf.pdf Download
Confidentiality Agreement Download
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Lease Expiration
31/07/2029
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Long-term relationships with the major private sector, housing development contractors in the Northwest, and also with City and County development. Equipment sold with Business, $1,500,000.
Competition
There is very little competition if the business continues to pride itself in quality of service, and maintains its reputation for completing projects on time! At a fair price.
Growth & Expansion
The private sector comprises most of the income. 80% plus in the private sector is and has been the majority of this long-standing construction company. Has picked up more than $6 million in contracts in the last 2.5 months of this year alone (2024). With the equipment and existing manpower, they have grown this year alone to three full teams, allowing them to do upwards of 6.5/ 7 million a year with their existing capabilities.
Financing
This company has been pre-approved by five Banks for an SBA loan at 10% down.
Support & Training
available for one full year of training (if needed) for the new owner to maintain existing accounts and expand into additional markets. One owner is willing to stay on for two years (full or part time). If terms are favorable.
Reason for Selling
it's time!
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Richard
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