Concrete Pumping with Passive Owner

Barrie, Ontario

Asking Price: Annual Revenue:
$6,700,000 $4,595,955

Services: Construction, Contractors

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RE: Concrete Pumping with Passive Owner Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $6,700,000 15% Buyer Down Payment: $1,005,000 20% Seller Financing: $1,340,000 65% Bank Loan: $4,355,000

Quick Facts

Asking Price: $6,700,000
Annual Revenue: $4,595,955
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $7,000,000
Real Estate: Not Disclosed
Year Established: 29
Employees: 20
BBN Listing #: 281734398
Broker Reference #: CON055

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Business Overview:

Current owner works only 10 hours a week! Offering superior concrete pumping services in Toronto, this company is well-positioned for maximizing their $7MM in assets to earn over $5MM last fiscal year. This agile team of 17 operators and 3 office staff work efficiently on residential as well as commercial projects. With the ability to work on projects from custom homes to 20-story high rises, this company is able to efficiently utilize their diverse client base to gain specialty as well as standard, reliable jobs. Completing over 3,500 jobs, this company is consistently busy throughout the year.

Currently, 55% of work is found in pumping concrete on residential home projects. Working with large home builders as well as custom home builders, the residential market is the base of this company’s income. Though pumping for many residential projects, this company also specializes in large-scale builds such as dams, solar farms, commercial properties, high rises, and remote projects.

Capitalizing on long-term relationships with general contractors is a company strength, working directly with foremen to build trusting relationships that returns new work time and time again. With a huge demand for pumps in rural areas, this is an area for potential growth as well as managing utilization and profitability with current assets and staff.

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Property Features and Assets:

10,000 square feet: Shared shop and office (this business occupies 2/3 of the shop and 1/3 of the office) Available for continued lease for 1-2 years.

Market Competition and Expansion:

Growth Opportunities: Expand service area northward, manage utilization and profitability, continue customer relationships to increase referrals.

Reason for Selling:

Focus on other businesses.

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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