20+ Year Old Excavating & Paving Company For Sale

Indianapolis, IN

excavating and paving company

Asking Price: $7,499,999

Opportunity Highlights

Annual Figures 2024:

- Gross Sales: $13,617,146

- Net Profit: $1,668,843

Expenses 2024:

- COGS: $7,895,218

- Salaries & Wages: $2,490,422

business overview

- Located in Bedford, IN

- 21 years in business

- Residential, commercial, and Gov't jobs (Breakdown of revenue in financials link)

- 60% of jobs are new construction

- Owner and estimator do sales, 1 office manager, 5 in the office, 1 shop manager, 4 mechanics in the shop, 4 job foreman (4 crews), rest in the field,

uses some subs when needed

- Estimator could be key man

- Employee tenure for higher level employees is over 5 years

- Service area: 80 mile radius

- $3,500,000 in assets coming with the sale

- No licenses needed to run the business besides septic license & municipality certs

- Projected to do the same numbers for 2025 as 2024

- There will be 2-3 mil in backlog for the buyer taking over

- Around $500,000 in Capex per year

- Could be some seller financing involved depending on the rest of the offer

- Fully approved by SBA with a Pari Passu at the full asking price (Approval in financials link)

- Seller is more than willing to make sure the transition goes very well. He isn't interested in rolling equity. He is looking to semi-retire and get into another venture not related to this industry.

- Reason for the sale: Wants to semi- retire and wants to get into the campground business

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