Business Overview

40 year old very successful and well established concrete construction company. located in New England. They do between 2 and 4 million in revenue every year with high profits and owner advantage. The business comes with a great office and yard location. Is able to get around quickly and manage jobs because of its central location. A buyer would have all the equipment necessary to run the business. Including vehicles. Great opportunity for a person to start their own business instead of working for someone else or a great add-on opportunity for an existing business. Their customer base and the BBB love them!

Financial

  • Asking Price: $1,200,000
  • Cash Flow: $350,000
  • Gross Revenue: $2,800,000
  • EBITDA: N/A
  • FF&E: $435,000
  • Inventory: $40,000
  • Inventory Included: N/A
  • Established: 1980

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:20,000
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Great office space in masonry building with 3 private offices and plenty of common space. There is indoor storage and yard storage. Very convenient and appropriate.

Is Support & Training Included:

Seller will give 60 days free training and transfer time. Additional time is ok with seller but after 60 days there will need to be a payment worked out.

Purpose For Selling:

Wants some down time to manage his real estate holding

Pros and Cons:

Competition all around but this business seems to be getting a lot of repeat business from retailers and general contractors.

Opportunities and Growth:

The business can be expanded geographically and service wise. Current owner wanted to stay narrow and focused.

Additional Info

The venture was started in 1980, making the business 42 years old.
The deal shall not include inventory valued at $40,000*, which ins't included in the suggested price.

The business has 12 employees and is situated in a building with disclosed square footage of 20,000 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell operating businesses. However, the real factor and the one they tell you may be 2 completely different things. As an example, they may say "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or a variety of other factors. This is why it is really essential that you not count totally on a vendor's word, but rather, make use of the seller's solution along with your overall due diligence. This will repaint an extra sensible picture of the business's present situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover items like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that profit margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be met or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in new clients? Often times, companies have repeat customers, which form the core of their daily revenues. Certain variables such as new competitors sprouting up around the location, roadway construction, and staff turn over can influence repeat clients and also negatively affect future profits. One essential point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the better the possibility to construct a returning consumer base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Exactly how might the regional typical household earnings effect future income potential?