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Business For Sale
CONCRETE FORMING DISTRIBUTOR - EXPLOSIVE GROWTH!
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Asking Price: |
$7,900,000
USD USA Dollars
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Business for Sale Industry: |
Wholesale/Distribution: Durable Goods
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Year Established:
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1982 |
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# of Employees:
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26 |
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Yearly Revenues:
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$8149349 |
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Yearly Cash Flow:
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$2494735. |
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Yearly EBITDA:
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$2494735 |
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Yearly Net Profit:
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$1098847 |
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Yearly Gross Income:
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$8149349 |
Business for Sale Overview:
This twenty-five-year-old company generated over $2.5 million of cash benefit for the owner from $7.9M in sales in 2007 and is in the process of explosive growth. As a well-established independent supplier of engineered concrete forming and shoring systems (servicing the commercial and industrial construction markets) they have become a respected distributor of concrete forming systems to contractors in multiple States. With their national and international alliances, they offer extremely competitive prices on a broad variety of labor-saving forming products. By expanding their owned equipment inventory for rental in 2007, they are projected to yield $2.5M in owner benefit from $7.9M in sales (30% of revenue).They are clearly ready to move to the next level with a Buyer that shares that spirit.
Property Features and Assets:
1 Single story 8,000 sq.ft. metal warehouse fabrication 1 Single story 10,000 sq.ft. metal warehouse/fab./office 3 Acres corner paved lot.
Market Competition and Expansion:
The Company's primary geographic market consists of vendors in the construction industry located throughout the Gulf Coast region. Broad geographical reach has created a significant competitive advantage. A stable family of very experienced personnel,they offer some of the most experienced and reliable service in the industry. Recently investing in future growth by expanding their owned equipment inventory to well exceed competitors this business is in the process of explosive growth.The Seller would suggest the following actions as immediate improvement opportunities: 1. Other smaller mid-market dealers & distributors could double the business with the purchase of more equipment. 2. Mergers & acquisitions of other major market distributors. 3. Expanding share of current market segments Cash position allowing, reduce re-rent cost-of-sales with owned proprietary rental equipment to improve profits.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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