30+ Year Excavation Contractor

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Description

Summary Description
This Southwestern Ontario based organization operates in the field of Large and Small Scale Excavation, Commercial, Industrial and Agricultural Site Preparations, Custom Trucking, and Shoreline Protection.  Work includes drainage, storm water retention, erosion control, land clearing, earth work, storm sewers, grading and topsoil/sand/aggregates sales.  This full service, non-unionized contractor operates out of a 7,200 sqft facility on approximately 3 acres.  They handle small residential to large commercial & agricultural needs for both new construction & development, to renovations & expansions.  This business has built its reputation as an expert in the field and is industry leader, all while building an impressive customer list from municipal & public works, to developers, to small & large scale industrial, to greenhouse & agricultural customers.  The company boasts a safety culture with strong leaders and loyal skilled staff.  Owner is willing to stay on during a transition period to ensure the success of the business.  

Includes $4.7 Million in Equipment! 

This is an excellent opportunity to purchase a profitable, turn-key business and long-term customers and high growth potential.   


General Information
Year Established: 1989
Employees: 25
Facilities:
The Company operates from a 7,200 sq.ft. facility centrally located to the primary marketplace.  Building has office space, grade level overhead door, ample parking for equipment and vehicles.  Located near highways and easily accessed.  The building is in good condition.

Market Outlook
Competition: The company has name recognition and reputation in a business with repeat customers.  They are often the ‘go-to’ excavator based on the size of their fleet of equipment and service capabilities… they have just about anything needed for the job. Plus, they have expertise in municipal work, civil work and site preparation that not everyone can do. 


Growth and Expansion:
The business has seen several years of steady growth, even during this tumultuous pandemic.  They continue to add new and state-of-the-art equipment providing the ability to grow as the area around them continues to develop.  There are additional market opportunities in the marine work and shoreline protection.  Plus, landfill contracts are new opportunities for future growth.

Property Id : 18920
Business Asking Price: $6,250,000
Including: Furniture, Fixtures & Equipment: $4,700,000 
Inventory: $325,000
Gross: $6,200,000
Seller’s Cash Flow: $1,925,000
EBITDA: $1,750,000
Listing ID: LBBO31
Support/Training: Transitional training available
Financing: Seller will finance for qualified buyers
Reason for Selling: Retirement

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William Sivell