PRLog - June 10, 2014 - Jeremy Hovater, a business broker and Accredited Business Intermediary, has been selected to handle the ownership transfer of one of the largest privately held residential site preparation companies in South Alabama.
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"We're pleased to have been selected," said Jeremy Hovater, "for this important assignment. This company has an outstanding record," he continued, "with a net cash flow to ownership in 2013 of nearly $750,000 with over $5,000,000 in annual revenue. This has been accomplished while only working 15 to 20 hours a week"
Hovater said the operating business is now available for new ownership due to the present proprietor wanting to focus on his core business. However, he said present ownership is committed to a seamless transition and will thoroughly train a new owner in all aspects of the business.
The company is located along the Gulf Coast of Alabama in an economically strong and growing area. Included in the sale are +/- 120 acres of dirt pits and nearly $1.4M of equipment. All of these assets of the business will transfer to a new owner free and clear of any and all encumbrances. Current employees would like to continue working for a new owner.
A confidentiality agreement and qualifying financial information are required.