MergerPlace

Lucrative Midwest Concrete

Iowa


  • Asking Price: $1,139,995
  • Gross Income: $2,382,641
  • Cash Flow: $316,105
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $890,994
  • Listing ID: #209063
  • Established: 1991
  • Employees: 14 FT

Business Description

This concrete/paving company's focus is on commercial concrete projects, commercial private street paving as well as municipal contract for street paving. In both the private sector as well as the city/county government projects this company has grown to be well recognized and respected in the Midwest.

This business has been operated mostly as a seasonal business. Even though more bids could have been won further south during the winter months, the current owners use the off season to work on equipment, take some personal time and gear up for the upcoming season.


Business Details

Primary Business Category: Construction - Building, Developing
Location: Iowa

Company Information

Year Established: 1991
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 14 FT

Financial Information

Asking Price: $1,139,995
Gross Revenue: $2,382,641
Cash Flow: $316,105
FF&E: $890,994
Seller Financing Available: No

Property Information

Facilities:

The business operates out of a facility that is completely sufficient for operations. The property includes outside storage, warehouse space as well as a professional office setting. The Real Estate is available but not included in the purchase price of the business.

Growth & expansion opportunities:

There is real potential for growth with this company. A new buyer could add staff, add targeted marketing campaigns, increase social media efforts and attend industry trade shows in new markets.

Competition:

The competition in this industry is mature. Over the years, this company has built its name by forging relationships as well as providing quality product with a high level of service and professionalism. These relationships, bidding strategies, quality of product and the strong commitment to the customers will be transferred/taught to a new owner.

Reason for selling:

The current owners would like to sell and retire.

Support & Training:

Will train for 4 weeks @ no cost A buyer will want to have background in the concrete contracting industry as well as strong leadership skills. In addition, the buyer will be required to be bonded.

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Business Listed By:

Bryan Mulder

Murphy Business Brokers