Business For Sale Listing 114403
Concrete Sub Contractors
Status as of Nov-21-2008 at 06:07 PM: Off The Market
Business Summary
This concrete foundation business, with its protective coating subsidiary business, is extremely profitable and growing. It provides load bearing footings and foundation walls for residential basements and commercial construction. The company introduced poured concrete walls 23 years ago in its area after the owner recognized a need to replace the substandard foundations other companies offered. It has the right combination of equipment and experienced people to get the job done on time and on budget. The staff works hard to provide the best customer service and quality products, which has given the company a strong reputation. Nearly all the business’ new work comes from customer referrals, and it also has a large percentage of repeat business. With 23 years in the area, it has deep ties to the community and enjoys unprecedented customer loyalty.
In 2004, the owners started a subsidiary business to do high-quality protective coating for concrete and masonry surfaces. This business has excellent profitability and hasn’t yet been developed to its full potential. The company hasn’t aggressively marketed the coating products and only sells about 25 percent of the available product line.
The company serves communities within the tri-state area and a 100-mile radius. A new owner looking to expand gross revenue easily could do so by expanding the company’s service territory and by taking on the agricultural market, which it currently does not serve. Doing more marketing and selling a full product line for the coating business also would contribute to higher gross revenue.
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Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million ($2,048,252) |
| Profits: |
Between $500 Thousand and $1 Million ($581,807) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $2.5 Million and $5 Million ($2,751,623) |
