06 Mar Acquisitions Anonymous: Buying an Excavation Business: $4.2M Revenue Deal Reviewed
This week, the hosts analyze a $4.2M revenue excavation, grading, and hauling business located near Wilmington, North Carolina. Founded in 1993, the company specializes in land clearing, structural demolition, grading, and material haulingā€”essentially delivering flat, build-ready dirt lots to developers and builders. The asking price is $3.6M and includes $480K of owner-occupied real estate plus a full fleet: excavators, dozers, dump trucks, trailers, and more.
Key Highlights:
– $4.2M revenue excavation & site prep company; $3.6M asking price
– 30-year operating history with 13 FTEs and significant heavy equipment fleet
– Major diligence focus: maintenance CapEx vs. true EBITDA
– SBA 12-month seller transition rule creates relationship transfer risk
– Strong local moat: equipment proximity limits out-of-state competition
