Roadside Ditch Cleaning, Pavement Coating & Repair

Virginia, United States

Asking Price$2.90m

Revenue$2.94m

EBITDA-

Cash Flow$1.34m

Description

This business began operations in 1985, providing the state of Virginia with roadside and ditch cleaning services. Ditch maintenance generally includes the removal of accumulated sediment per the original ditch design to maintain the depth and slope required to convey stormwater runoff. This business operation is the only private company operating specialized equipment to facilitate the work. That equipment consists partly of costly trucking units for which the business owns six units, each with skilled operators. The company dispatches crews comprising an equipment operator, two flaggers, and a shovel person. Additionally, one mechanic is part of the crew and can help train operators and assist with field or shop repairs when necessary. All personnel are intermediate traffic control certified. Nine employees, plus day labor as required, make up the day-to-day operation and skill set. Traffic control individuals are sourced from labor companies across the state. This helps lower liability exposure and keeps unemployment claims to a minimum. Currently, the business holds contracts with three VDOT residencies or districts in addition to several Cities; in short, it has a large footprint. The business also operates an asphalt company that focuses on tennis court repairs and commercial seal coating. The business will generate a projected three million dollars in 2024, with discretionary earnings above one million.

Real Estate

Rent is $2,400 per month

Building Size: 4000 sq. ft.

Furniture Fixtures & Equipment

$391k

Number of EmployeesFull-Time: 9

Asking Price$2.90m

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