Business For Sale

Asset Heavy Turnaround - Architectural Precast

Not Disclosed, CA


Asking Price: Annual Revenue:
$1,090,000 $755,833

Manufacturing: Wood, Stone, Concrete


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RE: Asset Heavy Turnaround - Architectural Precast Broker: Rick Rayl

Quick Facts

Asking Price: $1,090,000
Annual Revenue: $755,833
Net Profit: Not Disclosed
Cash Flow: $89,635
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1997
Employees: 12
BBN Listing #: 506855367
Broker Reference #: 86808-120280

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Business Overview:

Established precast concrete manufacturer based in the Southwest. Currently not profitable but a good opportunity for a turnaround. No sales people on staff has limited sales to little activity except for two very large deals recently won which will book the factory for several months. Adding sales to fill production can bring the company back into the black.
Additional production is available with minor capital investment into an outbuilding. Moving existing molds to outbuilding storage significantly increases production area.
Assets of this company are more than twice the asking price. Molds are valued at cost, not market price.
Located in a prime spot to service the entire Southwest.
Experienced staff will stay. Owner willing to remain engaged to help transition.
Excellent lease - prepaid until 2024.
Building also offered for sale.

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Property Features and Assets:

Family owned since 1997, this company started out as distributors and installers of architectural precast concrete elements. With an eye to the future and a desire to exceed the expectations of their clients, the owners began to manufacture their products to ensure quality and to control production timelines. Success followed as they met the growing construction market with innovative products highlighting trends in the marketplace. The recession of 2008 took a significant toll on the business as new construction projects slowed dramatically. The owners kept the doors open to protect the jobs of the loyal employees, many who are still working at the company. The lean recession years were met with budget cuts in sales and capital budgets. The recent surge in the economy is bringing back production despite the lack of a sales force. There are over $500,000 in new orders running through the plant which is a great sign of growth. The current owners are ready for retirement and have a vision of how to reignite the growth of the company with the energy of a new owner.

Market Competition and Expansion:

The company is experienced and ready for growth. The key elements needed for growth are a sales person or sales team to stay in front of bids, care for customers and find new business. Additionally, there is room to increase production with a minor investment of an outbuilding in which to store inventory. This will free up badly needed production space in the main factory.

Reason for Selling:

Retiring

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.

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