Infrastructure Business with Niche in Waterways

This infrastructure firm specializes in water, sewer, and drainage for infrastructure projects, serving municipalities and government clients throughout the Hudson Valley region to Westchester NY. This firm has focused on municipal & government clients for almost a decade; ranging from maintenance jobs to large multi-million-dollar contracts. The company employs 12 talented team members including a project supervisor, foreman, estimator, accounting manager, payroll manager, and field labor. They are union-affiliated, allowing them to gain quality field labor when needed for larger projects. The deal comes with $375,000 in hard assets plus $1,840,000 in AR, in addition to a backlog of over $500,000. The owner is involved, providing general oversight, reviews estimates & contract. The seller is planning for retirement and has offered to stay with the business for up to 1-year post-sale and is willing to carrying 15% of the purchase price to show vested interest in the continued success of the business moving forward. Priced at $2,825,000 a buyer would need $282,500 in unborrowed funds to purchase. Growth opportunities include expanding service offerings beyond core competencies, re entering the New York City market, or scaling up to larger and more diverse infrastructure projects such as bridge or culvert construction.