Listing ID: 80414
Southeastern based concrete cutting and demolition business.
with national affiliations and 4 decades of profitability.
An industry leader performing slab sawing, core drilling, wire sawing, hand sawing, grinding, demolition and joint sealing to industrial, commercial, and residential clients.
Best of class reputation in the industry.
Business is made up of 70% Industrial/Commercial
20% Highway work, and 10% residential service.
The company works with large and small general contractors and also electrical, mechanical, HVAC, and plumbing contractors.
Strong annual bid work.
As of July 2021, over $4.6M of bid work on backlog, and decade long averages around $4M a year in service work.
Well-trained employees, and support personnel including a strong management structure.
Over 100 pieces of equipment and 30 vehicles are included in the price.
Email us to complete a Buyer Profile and NDA to learn more.
Potential growth area wire cutting, roll-off truck business, and increasing joint sealing business.
Industrial building with offices and repair shop..
- Asking Price: $6,300,000
- Cash Flow: $1,100,000
- Gross Revenue: $6,351,295
- EBITDA: N/A
- FF&E: $2,800,000
- Inventory: $50,000
- Inventory Included: Yes
- Established: 1977
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:40
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 1977, making the business 45 years old.
The transaction will include inventory valued at $50,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. However, the genuine factor vs the one they tell you might be 2 entirely different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competitors, current decrease in incomes, or a range of other factors. This is why it is extremely vital that you not count entirely on a seller's word, but instead, use the vendor's response in conjunction with your general due diligence. This will repaint a more realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that earnings margins are too small. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in brand-new clients? Many times, companies have repeat clients, which form the core of their day-to-day profits. Particular factors such as new competition growing up around the location, road construction, as well as employee turnover can impact repeat consumers and also negatively impact future profits. One crucial point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business regularly, the greater the possibility to develop a returning client base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Just how might the regional typical house earnings influence future revenue potential?