Full Service Commercial Concrete with 8M in Sales

Not Disclosed, IN

Asking Price: Annual Revenue:
$3,900,000 $8,570,346

Services: Construction, Contractors

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RE: Full Service Commercial Concrete with 8M in Sales Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $3,900,000 12.5% Buyer Down Payment: $487,500 12.5% Seller Financing: $487,500 75% Bank Loan: $2,925,000 A 12.5% down payment of $487,500 returns $201,332 in the first year after debt payments!

Quick Facts

Asking Price: $3,900,000
Annual Revenue: $8,570,346
Net Profit: Not Disclosed
Cash Flow: $966,190
Total Debt: Not Disclosed
FF&E: $2,000,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 62
BBN Listing #: 10134398
Broker Reference #: CON058

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Business Overview:

This company has 62 employees and more than 2M in assets! The owner will stay on for 3-5 years post close for this concrete business that boasts over $2M in vehicles and equipment and over $2MM in secured work. This full-service commercial concrete installer is fit for growth. With an owner that completes no labor, this company capitalizes on the team’s expertise in the full spectrum of concrete services. Projects include flat slabs, tilt walls, structural walls and slabs, foundations, curbs, walkways, driveways, walls, and basements. Specialized services include laser screening, stamping, staining, added texture, and concrete pumping. With over $2MM in assets, this company owns the equipment and pumps necessary to complete high-quality projects without the additional overhead of renting.

Working within an 80-mile radius of their headquarters, no overnight travel is required. Capitalizing on the growing amount of work in Central Indiana, the 62-member team tackles projects for schools, multi-family housing contractors, hotels, medical facilities, and storage facilities, to name a few. Working on public and private contracts, this company has a very diversified customer base and works consistently throughout the year. About 70% of concrete pumping income comes from outside customers.

Potential growth could be found in increasing school and industrial projects as there are several located near this business. Additional pumps could be acquired to increase capacity, if desired. There is also a lot of room to grow the pumping business to outside customers with additional equipment acquisitions. Currently managed by an owner/operator, this seller has general oversight of daily operations, bids, and will assist in project management when assistance is needed. This owner does not do any field work other than occasional site visits.

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Property Features and Assets:

4,500 square feet: Office and shop; 2,500 Shop; large yard with covered storage.

Market Competition and Expansion:

Growth Opportunities: Increase school contracts, invest in additional pumps, expand industrial projects.

Reason for Selling:

Exit strategy

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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