Business for Sale Overview:
Metro Atlanta Concrete Company Is "Rock Solid" Investment 4 Right One! The Company's main services include foundations, grade and elevated slabs, concrete walls, retention vaults, stairs, columns, piers, and hardscapes. Hardscapes include both sidewalks and plazas. The Company also offers decorative and architectural concrete, such as stamped, stained, exposed aggregate and decorative saw cut. Success in the concrete contracting industry is driven by the following factors: Having a good and established reputation among potential clients for high standards in quality, timeliness and efficiency. The Company does not advertise, therefore relies heavily on its relationship building. The Company has seen tremendous growth related to its reputation. Secondly, the ability to control costs allows a company to manage waste and produce the highest levels of revenue. The Company operates on a comprehensive Contractors Software package which allows for greater accounting, job costing and budgeting capabilities. The Company's revenues have grown at a compound annual growth rate (CAGR) of 44.8% during the historical period. Proforma revenues are conservatively projected to mirror this growth, growing at a CAGR of 15.5%. The Company is beginning to penetrate neighboring markets. Many of its current clients operate in North Carolina; therefore, the effort needed to secure additional business would be minimal. The Company can also utilize its current client base in order to expand into larger scope projects. Despite continued concerns over the decline in existing and new home sales and housing starts, the commercial construction sector is producing strong gains. Current Backlog Is $5 Million.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
5,625 sq. ft. of warehouse/office space. Lease expires 8/31/2011. Rent is $3,502/mo. CAM is $910/mo. Base rent does not escalate during lease term. Lease can be cancelled with 2 months notice and 3 month penalty.
Market Competition and Expansion:
Competition: There are 5 main competitors. This company has a solid relationship with many top notch general contractors. Most commercial concrete within the market focuses on hard bidding projects. The company focuses on relationship building and negotiated contracts.
Growth and Expansion: Keep nurturing the GC relationships. The business has 3 methods of growth: 1) Continuing to complete larger scope projects (larger contract values). 2) Expand our territory for projects outside the metro area. 3) Expand our customer base (new Gen. Cont. relationship means $1 - $3 million in additional revenue per year.
Reason for Selling:
Realize financial compensation for sweat equity.
Additional Details:
- The property is leased.
- 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.