Listing ID: 80491

Business Overview

Business Description

BUSY, PROFITABLE AND TEACHABLE.

The company is 30 plus years old that is established and doing well. The concrete foundation company has been proudly serving the metro Atlanta area and its surrounding counties providing quality residential foundations and retaining walls. If you know the Atlanta market, the area is exploding and this service is in high demand.

Their long history of meeting and exceeding builder’s expectations has developed a business reputation beyond comparison. Several customers are concrete companies that need help getting the jobs done and subcontract to the seller because they know he provides quality work. The seller is not taking on every job so there is certainly room for expansion. Business can be expanded into or combined with existing flatwork contracting, paver installation and site development.

The workforce is solid and comes with years of experience. This contractor owns fully equipped trucks, formers, supplies and a facility/office which includes a storage yard.

Property and building are for sale and could be purchased separately. This business could be moved if it would fit the buyer’s requirements.

Financial

  • Asking Price: $565,000
  • Cash Flow: $200,000
  • Gross Revenue: $1,140,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1988

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:1,000
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The seller owns the property and would sell it as an addition to the cost of the business. The business could be moved for the right buyer. There is 4.64 acres on a state highway. The property has a small building with the owner and secretary offices and a small amount of storage.

Is Support & Training Included:

Any that is needed or required by the buyer.

Purpose For Selling:

Retirement

Pros and Cons:

Not much... The industry is in high demand.

Opportunities and Growth:

In the later years of the seller's career, he has not grown the business like it could be grown. Business in this industry is everywhere. Just hire more crews and as you need.

Additional Info

The business was started in 1988, making the business 34 years old.

The business has 7 employees and resides in a building with estimated square footage of 1,000 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you may be 2 totally different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competitors, current decrease in profits, or a range of various other reasons. This is why it is really vital that you not depend completely on a seller's word, yet instead, utilize the vendor's answer combined with your overall due diligence. This will paint a much more practical picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover points such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that earnings margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that have to be fulfilled or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract brand-new clients? Often times, operating businesses have repeat consumers, which develop the core of their daily revenues. Certain aspects such as new competition sprouting up around the location, road construction, and personnel turnover can impact repeat clients as well as adversely influence future incomes. One vital point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the higher the opportunity to build a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood median house income influence future revenue potential?