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Business For Sale
CONCRETE CONSTRUCTION COMPANY-BUSINESS BOOMING!
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Asking Price: |
$16,000,000
USD USA Dollars
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Business for Sale Industry: |
Services: Construction, Contractors
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Reason for Selling:
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Owner is retiring. |
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Year Established:
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1978 |
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# of Employees:
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12 |
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Yearly Revenues:
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$ 40,115,680 |
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Yearly Cash Flow:
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$ 7,454,276 |
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Yearly EBITDA:
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$7,000,000 |
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Yearly Net Profit:
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$ 5,732,724 |
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Yearly Gross Income:
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$ 40,115,680 |
Business for Sale Overview:
This company has been doing business for over 20 years specializing in elevated concrete deck work, structured concrete parking garages, mid-rises, condominiums, apartments, and paving. The company uses the latest technology in all aspects of work including pre-manufactured forming systems and aluminum scaffolding systems. The company generated over $7.4 million of cash benefit for the owner in 2007 and while not as strong, 2008 will generate another $5 million in owner benefit. This company serves commercial and industrial construction markets, and has become well-respected on projects in the states of Texas, Florida, Louisiana, Arkansas, Pennsylvania, Tennessee, New Mexico, Arizona, Kansas, Missouri and Colorado, to name a few. With a stable team of very experienced personnel they offer some of the most experienced and reliable service in the industry.
Aggressive field installation and management, on-time completions, and price consciousness set this business apart from the competition, in addition to ongoing contracts with some of the largest builders in the nation. Decades of experience, breadth and depth of equipment and services, devotion to customer service and broad geographical reach have created significant competitive advantage. This construction company has an established reputation for exceptional service, and is characterized by a competitive spirit and over 20 years of demonstrated effective execution. The current owner is retiring and looking for a Buyer that is ready and capable of continuing the growth.
Property Features and Assets:
All leased properties. 1,800 sq. ft. Office, 8,000 sq. ft. Warehouse; 1.5 acres
Market Competition and Expansion:
With several direct competitors in the area, this business has a leading edge by providing aggressive field installation and management. Very price conscious but not huge markup. On-time in project completions.Most customers are acquired through walk-in and client referrals. Building relationships with repeat clients and going to wherever their jobs are has been a huge asset to this company. Tips for growth: Focus on gaining customers that will provide multiple jobs over time. Grow field personnel - need more. Continue to emphasize fair (but not low) price, quality work, and above all timely results.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be 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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