35 Year Old Debt Free Construction Co (Fam Owned)

Wichita, KS
Sedgwick County

Wichita and vicinity (all over)


Asking Price: Annual Revenue:
$2,100,000 $3,000,000

Services: Construction, Contractors


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RE: 35 Year Old Debt Free Construction Co (Fam Owned) Broker: Wichita Prospecting

Quick Facts

Asking Price: $2,100,000
Annual Revenue: $3,000,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: $800,000
Real Estate: Not Disclosed
Year Established: 1981
Employees: 16
BBN Listing #: 119064759
Broker Reference #: Not Disclosed

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Business Overview:

Award winning Wichita, Kansas based concrete company is for sale. Debt free. Family owned and operated since early 1980s. They are ready to retire/pass the torch. Fully insured, bonded, licensed, and pre-qualified to bid on building construction work in the State Of Kansas. Commercial contract focus, with limited residential. Strong name/brand/reputation allows for easy add-on work to related concrete and construction work, if new owner desires. Company is operating with 16 employees at this time, but fluxuates based on jobs (sometimes 25 employees). Key men have been with company for 20+ years. Highly valuable contacts/relationships across the city. History of zero deaths / zero lawsuits. Recurring-rev contracts. Exclusive contracts. Multi-year contracts. Owner willing to continue bidding/estimating as part of the deal as well as ensure full transition to new owner. Purchase is for the existing/open contracts, all intangibles (future revs...) and all assets such as equipment, vehicles (not including real estate). Asset list is roughly valued at 800K auction value. EBITDA avg across past 3 years is around 150K.

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Property Features and Assets:

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Market Competition and Expansion:

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Reason for Selling:

Retiring

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.

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