Seller's Contact Information
- RE: Rebar And Construction Supply Fabricator
- Contact: Max Friar
Quick Facts
Asking Price: | $0 | |
Annual Revenue: | $6,574,296 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $676,231 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | $1 | |
Year Established: | 1956 | |
Employees: | 17 | |
BBN Listing #: | 280045079 | |
Broker Reference #: | 127 |
Business Overview:
This Company is a rebar supply business with multiple locations in Colorado. The Company is led by a team with strong industry expertise and an average tenure of 14 years. The Company supplies fabricated rebar and construction products to its customers in the residential and commercial construction markets. The Company provides various products and services that include reinforcements, chemicals, flatwork accessories, sack materials, forming accessories, and tools and safety equipment.
With a well-defined management system in place, the Company ensures that jobs are completed in a safe and timely manner, while its experienced estimators and detailers have the knowledge to provide accurate drawings and estimates. The Company is trusted by residential and commercial builders alike, who primarily use its products in constructing the foundations of buildings. Having supplied rebar for numerous substantial projects in the area, the Company is known as the premier supplier in the region. The Company deploys a stringent quality control system led by a team with 145 years of experience in the industry, strict inspection protocols, and exceptional customer service.
The Company operates out of multiple facilities. The buildings are maintained in good condition. A large portion of the facilities is owned, while a smaller part is leased. The Company is open to discussion surrounding the sale or lease of the facilities to new ownership.
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Property Features and Assets:
Multiple facilities featuring office, manufacturing, and warehouse space.
Market Competition and Expansion:
Investment Highlights Include: (1)Experienced and Loyal Staff: One of the Company’s most attractive highlights is its long-standing and experienced team. Many team members have been employed by the Company for multiple decades. This length of service gives the employees a unique understanding of Company operations and market conditions. The majority of the staff and management team will remain through the transaction. (2)Quick Turnaround Times: The Company’s turnaround time between receiving and fulfilling a customer’s order can be as little as 30 minutes for local customers. By supplying products from multiple locations, the Company’s protocols and deliveries are uniquely streamlined and expedited. Carrying a full inventory of concrete contractor supplies allows the Company to fulfill orders as quickly as possible. (3)Outstanding Brand Reputation: The Company boasts a strong rating on Google Reviews. With a portfolio of completed projects as impressive as the Company’s, its reputation has been cemented in the state as a top supplier. Many of the Company’s customers locate it through word of mouth or after seeing displays of its completed work. Growth Opportunities Include: (1)Focus on Maximizing Overall Equipment Effectiveness (OEE): OEE measures manufacturing productivity over a period of time. To improve the Company’s OEE, time buffers could be used to eliminate downtime in Company operations. Additionally, the implementation of internet of things (IoT) devices could help to efficiently manage machines and equipment to ensure it is operating efficiently. (2)Lead Capture and Follow-Ups: The Company often focuses on month-to-month activity and has no long-term system for storing leads. This affects the commercial side of the business, where the sales cycle is typically longer. There is currently an informal follow-up procedure that could easily be communicated and stored in a shared database for retrieval. (3)Implement an Aggressive Marketing Strategy: The Company does not utilize any online marketing techniques besides its website. The Company could increase its web presence through search engine optimization (SEO) or using Google AdWords. These tools would drive more visitors to the Company’s website and subsequently drive additional revenue.
Reason for Selling:
Strategic portfolio realignment.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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