Heavy Construction General Contractor
Location:
United States
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Texas
Industry: Business Services > Construction
Business Summary
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.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$2,100,000
Cash Flow:
$159,000
Cash Flow Type: EBITDA
Seller Financing: Not Disclosed
About The Business
Year Established: 1990
Number of Employees: 20 - 34
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Lease
About The Sale
Management Training and Support: Management is committed to remaining with the company following the sale to realize pro-forma objectives.
Click on the "I'm Interested" button above for more information on this Business Services > Construction business for sale.
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Print Listing Id: 70081115
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