Highway Renovation and Concrete Services

Not Disclosed, CA

Central California


Asking Price: Annual Revenue:
Not Disclosed $11,111,000

Services: Construction, Contractors


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RE: Highway Renovation and Concrete Services Broker: Janet Scherr

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $11,111,000
Net Profit: Not Disclosed
Cash Flow: $2,609,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1992
Employees: Not Disclosed
BBN Listing #: 293927342
Broker Reference #: ConcreteServ

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Business Overview:

The Company has been established for 30 years in Central California. Specializing in highway rehabilitation and construction, it performs concrete work that includes cutting, sawing, grinding, drilling, sealing, bridge joint and other services. As a union subcontractor, the Company’s customers are infrastructure contractors that are doing work for governmental entities, airports, civic groups and similar organizations.

The sellers are flexible regarding deal structure and will stay on for the length of time necessary to complete the ownership transition.

Investment Highlights
• Revenue has averaged $12.2 MM over the last four years
• Many long term contracts based on federally funded infrastructure projects
• Value added benefit: participation in the union and an apprenticeship program leads to strong position in the industry and skilled workforce.

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Property Features and Assets:

The facility encompasses 7.5 acres. The entire facility is kept exceptionally neat and organized. A 6,400-square-foot building houses the administrative offices and shop. Covered awnings and other buildings are used for storage of equipment.

Market Competition and Expansion:

The Company experiences minimal competition because few concrete cutting companies can offer the wide range of services that this company provides. Expansion to other states could be achieved by acquisition of existing companies or establishing new locations.

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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