Parks, Roads Infrastructure with 62 million in Backlog

This Civil based Infrastructure business performs Site Prep for
Parks, Roads and School Districts with a focus in paving. Their
repeat client base includes the DOT, Department of Parks & Rec
and the Port Authorities. The proof is in the performance with this
NYC business as they have never defaulted on a project in their
43-year history. This business currently has over $38M in
contracts! The assets are valued over 4 million, which include
$2,350,000 in heavy equipment, $466,000 in vehicles and they
will leave $500,000 in Working Capital! This makes the loan
over-collateralized! The business utilizes a 12,000 sq. ft. building
which includes an office, shop, machines, storage with 8,000 sq.
ft. of unused space that could be used for expansion! The team
consists of 20 core people, there is no shortage of trained
professionals at hand, including office staff, project managers,
and foremen plus 30-50 union laborers. The owner currently
works about 25 hours a week and will provide transition for 2-3
years. The owner is ready to retire but has a vested interest in
the continuing success of this business, to show good faith he is
willing to finance and/or hold a 20% Equity Roll.
Priced at $4,950,000, this business is primed and ready for a
new owner to step in. Their work falls under the municipal
umbrella: meaning if there should be a recession, their workflow
will not be impacted. In fact, due to the US Infrastructure Bill, this
business will grow significantly as $66 Billion dollars has been
set aside for public transportation infrastructure work. A new
owner could add plumbing, precast, fencing and hardscaping to
the list of services as these are all growth opportunities. A buyer
must qualify for a Minority, Woman or Veteran designation to
own majority of this business.