Sewer Contracting Business
Off-MarketNags Head, NC
Water Sewer Contracting Business
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$8,000,000
$2,400,000
30.0%
2006
Past 24h
Customers
90% of work is bonded, municipal work with hardly any private work and the company focuses almost exclusively on grant-funded municipal projects. The business emphasizes new construction projects rather than refurbishment.
Customer Acquisition
The company purchases leads from multiple lead services for government work and receives referrals from established engineers who notify them of bidding opportunities. The majority of new business comes from monitoring federal and state grant programs, with approximately $50 million in grant-funded projects available annually in the North Carolina region.
Team
The company has 23 employees, including the owner and his wife, and the owner's wife does not work operationally in the company.
Owner's Role
The owner has built a strong management team that operates the company independently, allowing him to work by choice rather than necessity.
Reason for Selling
The owner is looking to retire.
Contracts
Yes, project-based contracts.
Real Estate
The company owns approximately one acre with an old building valued at roughly $100,000, which is not considered substantial for the sale. Equipment, trucks, and other long-term assets total approximately $3–4 million.
When Are You Looking to Sell
3-6 months
Licenses Required
Yes, a senior employee in the company holds an unclassified North Carolina general contractor qualifier, allowing work on any project amount without limitation if a buyer does not have a license.
Additional Notes
The company has a backlog of $25 million worth of projects in the pipeline.
Business ID: 2193
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