Owner Financing is Available
Business Overview:
This Mid-Atlantic specialty company provides concrete cutting and
drilling services throughout New Jersey and serves general contractors,
mechanical contractors and plumbing companies. The focus has always
been towards top quality, encompassing a full service approach - a
distinctive advantage over the competition. The customer base consists
of approximately hundred customers which have been served by the
seller for the past 13 years. Due to excellent market positioning, the
company has experienced a significant expansion in business. This has
been reflected in the financial performance by a strong growth in
Seller’s Discretionary Cash Flow (SDCF). It is projected that 2008 will
see a further increase in cash flow to $500,000 per year. The deal is
very attractively priced for the qualified buyer: with a $360,000 buyer’s
down payment, the new owner can obtain an annual $350,000+ cash
flow (before debt service). SBA bank pre-approval for $730,000 and
owner financing of $200,000 will complete the acquisition, for a 70%
Return On down payment. A fixed asset list consisting of vehicles and
equipment, valued at approximate $800,000 provides an extraordinary
value to a qualified buyer. The company has a stable long term
employee base that will remain with the business and the owner is very
motivated in making this an easy ownership transfer. (ALL DATA BASED
ON SIGNED TAX RETURNS)
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Very nicely located, on major highway
Market Competition and Expansion:
Company provides a “full service” approach, by cutting, removing,
extravacting, backfilling, and patching. Competitors typically only provide
single pieces of this service spectrum. Thus, in a traditional sense, the
company has very few competitors
Growth and Expansion: Consistent growth for the past 4 years, and
excellent growth for the future.
Reason for Selling:
Retirement / Other investments
Additional Details:
- The property is owned.
- The owner is willing to train/assist 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.