Listing ID: 82774
Business Overview
Profitable and well-established precast concrete manufacturing facility located in Missouri. This company enjoys a great reputation as one of the premier precast concrete manufacturing facilities in the country. In business for over 29 years, this is a turnkey opportunity with long-term employees and well-known products that have been proven to outlast the competition. A new owner can take advantage of the many repeat customers and leverage the current owner’s efforts to continue the current company growth. Inquire today!
Financial
- Asking Price: $1,499,000
- Cash Flow: $198,000
- Gross Revenue: $962,000
- EBITDA: N/A
- FF&E: $190,000
- Inventory: $220,000
- Inventory Included: Yes
- Established: 1990
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Seller will provide all necessary training
Retirement.
Very little competition because they manufacture a very long-lasting product with a warranty that the competition does not offer.
Business can be relocated to a more industrial location, as well as adding new product lines to provide for growth and expansion.
Additional Info
The business was established in 1990, making the business 32 years old.
The sale shall include inventory valued at $220,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell businesses. However, the real reason and the one they tell you may be 2 completely different things. For instance, they might state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in profits, or a range of other factors. This is why it is very important that you not depend entirely on a seller's word, yet instead, use the vendor's response combined with your overall due diligence. This will paint an extra practical image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that profit margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that need to be met or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in brand-new customers? Many times, businesses have repeat consumers, which form the core of their everyday earnings. Specific elements such as brand-new competition growing up around the location, roadway building and construction, as well as personnel turnover can influence repeat customers as well as negatively influence future revenues. One essential thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the chance to construct a returning customer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? How might the local average household earnings effect future revenue potential?
