MergerPlace

Cash Flow Strong Concrete Contractor

New York


  • Asking Price: $960,000
  • Gross Income: $600,000
  • Cash Flow: $425,000
  • Real Estate: Not Disclosed
  • Inventory: $150,000
  • FF&E: $625,000
  • Listing ID: #227700
  • Established: 2010
  • Employees: 50

Business Description

This well-established Concrete Contractor services commercial and industrial clients in the New Jersey and New York metro region. The company has experienced significant revenue performance for many years and enjoys increasing net operating margins with documented profitability. In 2019, the company substantially revamped its sales structure, eliminating low margin accounts and solely focusing on high profitable customers. Accordingly, sales were cut significantly, while maintaining total margins through the process.

The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 3.5x EBITDA (2021). A full valuation report by an accredited national valuation firm is included in the prospectus. There is $100k in debt to be assumed and the deal includes $625k in fixed assets plus $150k in net working capital. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner- operator will obtain over $250,000 benefit in after-acquisition-debt cash flow in Year #1.

(ALL DATA BASED ON SIGNED TAX RETURNS)


Business Details

Primary Business Category: Construction - Heavy
Location: New York

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 50

Financial Information

Asking Price: $960,000
Gross Revenue: $600,000
Cash Flow: $425,000
FF&E: $625,000
Inventory: $150,000
Seller Financing Available: Yes

Property Information

Facilities:

The Company has a total of 4,000+ SF in facilities (office, garages, yard) providing a strong base of operations, storage capacity and room for 25% revenue growth.

Growth & expansion opportunities:

There is significant growth potential in the target market with minimal capital infusion (currently turning away opportunities) – an aggressive marketing effort with a slight team expansion could grow top line by 25% to $7.5M in five years.

Competition:

The Company enjoys a strong competitive advantage by way of (i) brand name recognition through high customer retainage gained over the years and (ii) extensive experience in navigating the challenging NY construction market. The Company has a long-standing industry reputation for strong project management – consistently delivering more value to its diversified customer base.

Reason for selling:

Retirement

Support & Training:

A comfortable transition period will be provided by the owner who truly wants to see the business continue to flourish. Seller will consider a consulting agreement thereafter if so desired. A very well trained and highly qualified management team will stay in place and support the new owner in all aspects of the business.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Karin Neumann

A Neumann & Associates, LLC