Concrete Pumping & Truck Rentals w/ 2MM In Assets

Not Disclosed, IN


Asking Price: Annual Revenue:
$5,100,000 $3,301,210

Services: Construction, Contractors


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RE: Concrete Pumping & Truck Rentals w/ 2MM In Assets Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $5,100,000 12.5% Buyer Down Payment: $637,500 12.5% Seller Financing: $637,500 75% Bank Loan: $3,825,000 A 12.5% down payment of $637,500 returns $469,756 in the first year after debt payments!

Quick Facts

Asking Price: $5,100,000
Annual Revenue: $3,301,210
Net Profit: Not Disclosed
Cash Flow: $1,215,567
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 10
BBN Listing #: 58334398
Broker Reference #: CON069

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Business Overview:

This Northern Indiana concrete pumping and truck rental business has over 2MM in assets with an ongoing cashflow of more than 1 MM. Established for 15 years, this company is operating at the top of their field. Equipment includes seven pumps, a placing boom, a Line Dragon as well as a shop full of any necessary equipment, inventory, and tools required to complete the job. There is also an additional $20,000 in vehicles including trucks, trailers, and a forklift. Work is completed within 100 miles of the headquarters and encompasses Northern Indiana (90%), Southern Michigan, Northern Illinois, and the Chicago Metropolitan area.

The owner works part-time and currently oversees financials, legal, and insurance matters. By design, this business can operate on a day-to-day basis with little input from the proprietor. With processes and procedures in place, the business can operate seamlessly with minimal owner oversight. The team of seven operators, one bookkeeper, and a shop assistant are overseen by the Operations Manager.


The diverse customer base consists of both residential and commercial customers with projects ranging from single family homes to slab foundations, bridges to treatment plants, and roadways to pilings. Meeting the needs of a wide customer base sets this company apart from its competition as well as their positive reputation for reliable and superior results.

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Property Features and Assets:

Equipment: $2,222,000: Pumps, placing boom, Line Dragon, parts, lubricants, tools, shop equipment, Hotsy, pipe, clamps, etc. Vehicles: $20,000: 2 Vehicles, 1 forklift, 2 trailers A/R: $350,000 Intangible Assets: Smooth processes and organization within the business, reputation for reliability, well-trained and tenured staff, committed customer base *amounts may vary

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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