In this episode, the hosts break down a 30-year-old site prep and grading business in coastal North Carolina, debating whether steady demand and durable relationships outweigh the heavy equipment CapEx risks.

Business Listing – https://www.bizbuysell.com/business-opportunity/excavation-grading-and-hauling-business-for-sale/2464393/

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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 hauling—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

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