Established Underground Utilities and Construction Company
Featured on BusinessForSale.com . 28 viewed
Asking Price
$40,000,000
Detailed Information
FL Panhandle, Florida, US
Not Provided
NA
Business Description
Established over 25 years ago in Northern Florida, this company specializes in underground utilities, commercial site developments, and civil infrastructures such as excavations, demolitions, and concrete projects. They also offer quality asphalt paving services with a one-year warranty on labor. With revenues soaring by 170% in 2023 to $23.5 million, and Adjusted EBITDA increasing by 190% to $10.4 million, the company has seen consistent growth in sales and profitability over the past four years. Their diverse client base includes both commercial and government projects, and they operate with 100 nonunion employees who may stay on post-purchase, along with the owner who is open to remaining during the transition period at the buyer's preference. The business is currently on the market for sale and is housed in two prime facilities totaling 3,400 square feet on a 5.3-acre property. These facilities include office rooms, tool storage areas, and ample yard space for vehicles