Feb 19 • General discussion
I found a business for sale in the excavation sector.
Let’s talk numbers.
Revenue:
2019: $5.03M
2020: $5.54M
2021: $6.99M
2022: $6.45M
2023: $4.96M
Expenses:
Cost of Services (2023): $3.57M
Personnel Costs: $375K
Insurance: $248K
Other Operating Expenses: $209K
Total Expenses: ~$4.4M
Net Profit:
2019: $124K
2020: $540K
2021: $617K
2022: $233K
2023: $237K
Margins are bouncing, but still holding strong.
EBITDA:
2019: $193K (3.8%)
2020: $784K (14.1%)
2021: $699K (10%)
2022: $539K (8.3%)
2023: $555K (11.2%)
Solid, but inconsistent.
There’s potential to tighten operations and boost margins.
Asking Price:
TBD, but this comes with $1.7M in government contracts and a $6M contract on the horizon.
The real estate isn’t included, but it’s available if you want full control.
What’s interesting?
- Diverse services: demolition, drainage repair, lot clearing, more.
- Strong Houston market presence with top-of-the-line equipment.
- Tech-driven projects (AI data centers, warehouses) could fuel growth.
Challenges:
- Revenue dip in 2023. Why? Economy? Internal issues?
- Gross margins fell from 51% in 2019 to 28% in 2023—tightening costs could help.
- Industry labor shortages might squeeze profits.
Here’s the kicker:
The business has a solid foundation and a strong government pipeline.
With the right strategy, better cost control, and leveraging tech-driven projects, this could be a goldmine.
Like this deal? Comment “Excavation” below to learn how to get the full info and more deals like this every week.
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I found a business for sale in the excavation sector.
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