I found a solid opportunity in the excavation & paving industry.
Well-established, licensed in NV, CA, & CO, and positioned for growth. Letās break it down š§µš š Business Overview: š¹ Specializes in excavation, grading, asphalt paving, & public works š¹ Offers hauling, demolition, & commercial snow removal š¹ Bonded for public works projects up to $1.3M š¹ Established reputation in the industry since 2008 š Location: Based in Nevada, benefiting from business-friendly tax policies & strategic access to the West Coast. š Financials: š Revenue Growth: - 2018: $2.3M - 2020: $3.5M - 2022: $7.7M - 2024 (projected): $7.1M š° Profitability: - 2022: Net loss (-$74K) despite high revenue - 2023-2024: Major turnaround! $749K net income & $1.2M EBITDA š What changed? COGS dropped from $5.3M to $2.1M in 2024. Efficient operations or just a one-time cost shift? Worth investigating. š„ Revenue Breakdown: - Residential Excavating (30%) - Commercial Excavating (25%) - Asphalt Paving (15%) - Public Works (15%) - Seal Coating & Striping (10%) - Other: Winter Snow Removal, Emergency Utility Work - šµ Asking Price: $3.3M āļø SBA financing available for qualified buyers āļø Seller willing to provide training āļø Non-compete included in the deal š Growth Potential: ā
Expansion into Californiaās highway projects ā
Increased demand for asphalt paving in commercial & residential sectors ā
Strong brand presence & diversified service offerings ā ļø Risks & Considerations: - Financial inconsistencyāneed to verify cost reductions are sustainable - Project-based revenueāare contracts secured for long-term stability? - 28 full-time employeesāpotential labor & management challenges - This could be a great buy for someone looking to scale a construction business with a strong foothold in Nevada & beyond. Want to see the full deal? Comment "Construction" & send me a DM, and Iāll share the info memo.