Cash Flow Strong Concrete Contractor

Not Disclosed, NY

New York Metro Region


Asking Price: Annual Revenue:
$960,000 $6,000,000

Services: Construction, Contractors


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RE: Cash Flow Strong Concrete Contractor Broker: Karin Neumann
Owner Financing is Available!
$144,000 Seller financing plus $672,000 Bank financing subject to buyer qualification.

Quick Facts

Asking Price: $960,000
Annual Revenue: $6,000,000
Net Profit: Not Disclosed
Cash Flow: $425,000
Total Debt: $100,000
FF&E: $775,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 50
BBN Listing #: 17736267
Broker Reference #: 1492-2052D

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Business Overview:

This well-established Concrete Contractor services commercial and industrial clients in the New Jersey and New York metro region. The company has experienced significant revenue performance for many years and enjoys increasing net operating margins with documented profitability. In 2019, the company substantially revamped its sales structure, eliminating low margin accounts and solely focusing on high profitable customers. Accordingly, sales were cut significantly, while maintaining total margins through the process.

The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 3.5x EBITDA (2021). A full valuation report by an accredited national valuation firm is included in the prospectus. There is $100,000 in debt to be assumed and the deal includes $625,000 in fixed assets plus $150,000 in net working capital. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner- operator will obtain over $250,000 benefit in after-acquisition-debt cash flow in Year #1.

(ALL DATA BASED ON SIGNED TAX RETURNS)

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Property Features and Assets:

The Company has a total of 4,000+ Square Feet in facilities (office, garages, yard) providing a strong base of operations, storage capacity and room for 25% revenue growth.

Market Competition and Expansion:

The Company enjoys a strong competitive advantage by way of (i) brand name recognition through high customer retainage gained over the years and (ii) extensive experience in navigating the challenging NY construction market. The Company has a long-standing industry reputation for strong project management – consistently delivering more value to its diversified customer base. There is significant growth potential in the target market with minimal capital infusion (currently turning away opportunities) – an aggressive marketing effort with a slight team expansion could grow top line by 25% to $7.5M in five years.

Reason for Selling:

Retirement

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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