Commercial Concrete Pumping – 50% Collateralized

Chicago, IL
Cook County


Asking Price: Annual Revenue:
$4,250,000 $3,095,219

Services: Non-classifiable


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RE: Commercial Concrete Pumping – 50% Collateralized Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $4,250,000 12.5% Buyer Down Payment: $531,250 12.5% Seller Financing: $531,250 75% Bank Loan: $3,187,500

Quick Facts

Asking Price: $4,250,000
Annual Revenue: $3,095,219
Net Profit: Not Disclosed
Cash Flow: $1,047,327
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 10
BBN Listing #: 298034398
Broker Reference #: CBI011

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Business Overview:

The owner of this business does oversight only – no labor! This Northern Indiana concrete pumping and truck rental business has over $3MM in assets with an ongoing cashflow of more than $1MM. Established for 15 years, this company is operating at the top of their field. The team of 10 employees includes an Operations Manager, seven operators, one bookkeeper, and a shop assistant. Equipment includes seven pumps, a placing boom, a Line Dragon as well as a shop full of any necessary equipment, inventory, and tools required to complete the job. There is also an additional $20,000 in vehicles including trucks, trailers, and a forklift. Work is completed within 100 miles of the headquarters and encompasses Northern Indiana, Southern Michigan, Northern Illinois, and the Chicago Metropolitan area.

The owner works part-time and currently oversees financials, legal, and insurance matters. By design, this business can operate on a day-to-day basis with little input from the proprietor. With processes and procedures in place, the business can operate seamlessly with minimal owner oversight.

The diverse customer base consists of both residential and commercial customers with projects ranging from single family homes to slab foundations, bridges to treatment plants, and roadways to pilings. Meeting the needs of a wide customer base sets this company apart from its competition as well as their positive reputation for reliable and superior results.

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Market Competition and Expansion:

Growth Opportunities: Increase exposure and networking in Chicagoland to acquire more business in this area, extend service area south to include a greater number of agricultural projects.

Reason for Selling:

Retirement

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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