Business Overview

Great masonry company thats been around several decades doing block, brick and stone work. Does mostly commercial business covering the States of ND, SD, MN. Equipment and vehicles will be included in the sale of the business. Most the staff have been with the company several years. Owner is looking to find a energetic buyer to take over his gem.
Company has been around sense the 60’s

Financial

  • Asking Price: $1,600,000
  • Cash Flow: $1,083,288
  • Gross Revenue: $3,180,759
  • EBITDA: N/A
  • FF&E: $1,000,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:8,730
  • Lot Size:N/A
  • Total Number of Employees:19
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retiring

Additional Info

The company has 19 employees and is situated in a building with approx. square footage of 8,730 sq ft.
The property is leased by the business for $6,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell businesses. Nonetheless, the genuine factor and the one they say to you may be 2 absolutely different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or an array of various other factors. This is why it is really essential that you not count totally on a seller's word, but instead, utilize the seller's solution combined with your general due diligence. This will repaint a much more sensible picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans with the purpose of covering points like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that revenue margins are too tight. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in new clients? Many times, companies have repeat clients, which form the core of their day-to-day profits. Particular elements such as brand-new competitors growing up around the area, road building, and also personnel turn over can influence repeat consumers as well as adversely affect future incomes. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the higher the opportunity to construct a returning client base. A final idea is the basic area demographics. Is the business located in a densely populated city, or is it located on the edge of town? How might the neighborhood typical house income influence future earnings potential?