Expert Masons in Eastern Iowa, $4MM in Sales

Not Disclosed, IA

Asking Price: Annual Revenue:
$3,200,000 $4,289,384

Services: Construction, Contractors

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RE: Expert Masons in Eastern Iowa, $4MM in Sales Broker: Seller of Business
Owner Financing is Available!
Purchase Price: $3,200,000 12.5% Buyer Down Payment: $400,000 12.5% Seller Financing: $400,000 75% Bank Loan: $2,400,000 A 12.5% down payment of $400,000 returns $324,525 in the first year after debt payments!

Quick Facts

Asking Price: $3,200,000
Annual Revenue: $4,289,384
Net Profit: Not Disclosed
Cash Flow: $792,485
Total Debt: Not Disclosed
FF&E: $1,647,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 25
BBN Listing #: 627934398
Broker Reference #: CON082

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Business Overview:

Leading the masonry market in Eastern Iowa, this company has mastered bricklaying since 1988. This company works with both commercial and residential customers and projects include home exteriors, campus dorms, high schools, churches, community centers, and commercial buildings. Most work is completed locally (99%), with a few regional projects throughout the year (1%). In addition to laying brick (90%), the team also completes decorative concrete projects (10%) that include everything from grocery store floors to a pool deck. The company holds over $1.6MM in assets that include thirteen vehicles, many job trailers, hand and power tools, as well as office essentials. The owner has built the company into a self-sufficient operation with reliable and talented team members. The owner currently oversees the managers and assists as needed.

Operations are managed from a 6,000 square foot facility with all the necessary office, warehouse, and storage this company requires. There is also a large outbuilding for additional storage as needed. The team of twenty-five is a well-oiled and efficient operation. Managers include those that oversee the office, masons, and projects with the remainder fulfilling the roles of foremen, maintenance, labor, and professional masons. The team is quite talented, and growth can be built upon their skills in decorative concrete or masonry.

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Property Features and Assets:

6,000 square feet: Reception, nine private offices, RR, showers, conference room, kitchenette, warehouses, outbuilding

Market Competition and Expansion:

Expand concrete services.

Reason for Selling:

Strategic exit planning.

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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