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Underground Services for Sale in Phoenix, Arizona

Reference #: 23029019
Location: Phoenix, Arizona
Price: $11,000,000
Amount Down: $11,000,000
Revenues: $14,421,896
Discretionary Earnings: $3,111,802
Total Assets: $3,500,000
Business Description:

This highly successful company specializes in underground service contracts and infrastructure construction.  The company was founded in 1997 and has grown to be one of the major contractors in Arizona.  The company's services encompass three areas for its clients.  The first area is for the underground construction and excavation services.  This would include sewer and water mains, storm drains, dry utilities, erosion control, chemical treatment stations only to name of few.  The second area is for concrete construction services.  This would include junction structures, box culverts, storm traps, retaining walls, catch basins, etc.  The third area is a compliment to the concrete services and that is asphalt construction services.  This would include highways for not only the government but for regional and municipal roadways.  All three areas work very closely together to give the client an operation that will fill the needs of the project without having to use three different contractors.


Through the first 6 months of 2009 the company has recorded $7,210,948 of billings for work completed with another $5,474,623 of contracted work yet to be performed in 2009.  On an annualized basis 2009 will be 7.4% ahead of 2008.  The seller's adjusted cash flow for 2009 should be approximately $3,111,802 on sales of approximately $14,421,896. The company routinely bids 3 to 5 projects weekly so the outlook for additional contracts in 2009 seems very likely.  


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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.