Pumping, Cement Maintenance & Repair 60+ Employees

Los Angeles, CA
Los Angeles County

Asking Price: Annual Revenue:
$19,500,000 $14,626,264

Services: Construction, Contractors

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RE: Pumping, Cement Maintenance & Repair 60+ Employees Broker: Cortney Sells
Owner Financing is Available!

Quick Facts

Asking Price: $19,500,000
Annual Revenue: $14,626,264
Net Profit: Not Disclosed
Cash Flow: $4,183,293
Total Debt: Not Disclosed
FF&E: $12,000,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 57
BBN Listing #: 656534398
Broker Reference #: CON051

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Business Overview:

4 locations with 36 pumps, over 10MM in assets and 60 employees in Southern California! With 2018 sales topping $14 million and cash flow over $4million, this business is well-established and strong. With over 50 employees this is a turnkey operation that is successful in Southern California & surrounding states. The business is providing excellent concrete pumping services for a loyal client base, this company and its affiliates own all equipment and pumping trucks used for projects. With responsible growth and efficient operations, this company has found an approach to success that is grounded in quality customer service, up-front pricing, and open lines of communication. Included in the price is over $10MM in Assets – allowing the new owner to walk in and run the business as is! The business contains 36 Concrete Pumps which puts them at the largest in the Nation!

This company completes projects for diverse clientele with varying needs. This company provides services to: K-12 Schools, Universities, Hospitals, Government Agencies, and a few residential homes --- These clients are rarely affected by the economy changes. Anywhere concrete is either challenging to pour due to location or projects that cover large expanses, this company has the expertise to meet the challenge. With experience in medical facilities, retail establishments, and government contract work, this business can meet the needs of nearly any customer. They are able to effectively manage their equipment and staff to maximize profits wherever possible without sacrificing quality service and results.

Well-trained managers and project leads are in place and the supporting administrative staff is knowledgeable and capable to handle day-to-day operations. For each job, this business supplies the pumps and the operator. This business does not do concrete finishing or the purchasing of concrete for a project. The owner is involved in daily operations as a manager and in an oversight capacity. The owner will remain president for the next couple of years if desired.

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Property Features and Assets:

Equipment: $10+MM: Concrete pumps (36), tools, safety equipment Vehicles: 12: $150,000 Inventory: $48,000 Leaseholder improvements: $100,000+ A/R: $1.7MM, as of 7.31 *amounts may vary Intangible Assets: Established reputation for quality results and customer service, highly communicative process, well-organized procedures and operations, sunny weather for year-round projects

Market Competition and Expansion:

Growth Opportunities: Manage utilization and profitability, continue customer relationships and seek to build more

Reason for Selling:

Partnership Dissolving

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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