Business Description

This established firm in New York City specializes in roadways, underground utilities, and water/sewer projects, serving all five boroughs for over 20 years. With a solid reputation, they have successfully collaborated with key city agencies and have a strong team of 40-50 employees, including experienced union field staff and two VPs ready to lead the business. The current backlog exceeds $54 million, and there are more projects lined up. They operate from a 25,000 square foot lot with a well-equipped 4,000 square foot office space, which includes valuable equipment and vehicles. Priced at $4.495 million, the business opportunity includes assets worth $2.861 million, as appraised in 2023. The seller is willing to finance 10% of the purchase price and retain a 10% equity share to demonstrate commitment to future success. With the seller looking to retire, a transition period of 1-2 years is offered for a seamless handover