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Quick Facts
Asking Price: | $1,380,000 | |
Annual Revenue: | $1,885,735 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $357,450 | |
Total Debt: | Not Disclosed | |
FF&E: | $352,081 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 16 | |
BBN Listing #: | 29035915 | |
Broker Reference #: | 2968 |
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Business Overview:
This rapidly growing concrete coatings company in central Iowa provides concrete coatings on garage, basement, walkways, patios and pool decks using a polyurea product which is scratch resistant, UV stable, and flexible. This business is systems oriented and comes with knowledgeable employees, outstanding suppliers and excellent equipment including trucks, vans, trailers, concrete grinders, generators, and concrete vacuums. The company has done an excellent job building their brand as they are one of the highest rated concrete coatings business among their competitors in the area.
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Property Features and Assets:
The company leases 3,000 square feet of space with the office/showroom approximately 1,300 square feet and the remaining 1,700 square feet is warehouse space. The facility has ample parking for employees and clients.
Market Competition and Expansion:
There is tremendous opportunity for continued growth with this business into other markets. Additional opportunities for growth include adding painting services for garages and basements, and by selling and installing products such as storage cabinets, overhead storage racks and wall shelving.
Reason for Selling:
Relocation
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