Road Infrastructure, Utility, and Sewer Construction Business for Sale in NYC

This is a well-established heavy construction business specializing in road infrastructure, underground utilities, and water/sewer projects, serving all five boroughs of New York City for two decades. The company boasts a strong track record of working with major NYC agencies, including the Department of Design and Construction, Department of Environmental Protection, School Construction Authority, and the Port Authority of NY & NJ. With a dedicated team of 40-50 W2 employees and union field staff, complemented by two VPs ready to take over, the business is well-positioned for continued success. It has a substantial backlog exceeding $54 million and a promising pipeline of future work. The sale includes significant assets, with equipment and vehicles valued at $2,861,000 from a 2023 appraisal. The asking price is $4,495,000, with the seller offering 10% seller financing and a 10% equity roll. The owner is retiring and will provide 1-2 years of training for a smooth transition. The business operates from a 25,000 sq ft lot with a 4,000 sq ft office space and has potential for growth into larger projects.