MergerPlace

Premier Concrete Contractor

North Carolina


  • Asking Price: Not Disclosed
  • Gross Income: $17,055,477
  • Cash Flow: $2,210,794
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $2,135,000
  • Listing ID: #213774
  • Established: 2003
  • Employees: 41 FT

Business Description

This full-service turn-key concrete contractor, consisting of 41 employees and 8 crews of subcontractors, delivers high quality concrete and masonry services in North Carolina's central region and the surrounding states. Because of their history and reputation, the company is the regions preferred concrete contractor. The company offers an array of services for both residential clients (housing developments, sub divisions, private), large-scale commercial developers and public construction initiatives (schools, NC DOT, government). 95% of projects are performed in the Central North Carolina region.


Business Details

Primary Business Category: Construction - Building, Developing
Location: North Carolina

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 41 FT

Financial Information

Gross Revenue: $17,055,477
Cash Flow: $2,210,794
FF&E: $2,135,000
Seller Financing Available: No

Property Information

Facilities:

The business is located in a robust and growing Triangle region within easy access to multiple nearby cities and municipalities. The company maintains office space and an industrial yard that houses all conveying company equipment, vehicles, and machinery. The buyer may continue to rent/lease these spaces.

Growth & expansion opportunities:

This business is currently performing skilled work in 3 states with room for expansion. This business can grow by increasing their residential contracts, adding more crews, as well as doing more concrete wall projects, sub-contract and machine work.

Competition:

The concrete industry is highly fragmented, with many small-scale, geographically dispersed contractors participating in the market. The skilled services performed by this industry include brick and block laying, pointing, tuck pointing, cleaning and caulking masonry. The industry generates just over 40% of its revenue from services provided to the residential building construction market, which includes brickwork on exterior wall sidings and pavement. An additional 24.2% of industry revenue is produced from the laying of masonry on walls, facades and foyers in offices, retail stores and other commercial buildings. The remaining earnings are derived from schools, hospitals and other institutional construction projects. (ref. Ibis World) Over the past five years, the concrete/masonry industry in the US has grown by 4.7% to reach revenue of $27 billion in 2018. In the same time frame, the number of businesses has grown by 1.1% and the number of employees has grown by 2.6%.

Reason for selling:

Owner wishes to move toward a well-deserved next chapter (retirement), but is open to staying on in some capacity to facilitate a successful transition.

Support & Training:

Will train for 4 weeks @ no cost Commercial Concrete Solutions Offered Sidewalks Concrete slabs Curb and gutter installation, repair and maintenance Footings, driveways, etc. Types of Residential Projects provided: Hardscapes: stonework and masonry Patios Pool decks Walkways and sidewalks Driveways Stonework & Masonry Hardscape Offerings Outdoor fireplaces Fire pits Retaining walls Custom outdoor kitchens Services offered: Concrete, Concrete Construction, Concrete Cutting and Drilling, Concrete Delivery, Concrete Finishing, Concrete Paving, Concrete Pumping, Concrete Refinishing, Concrete Repair, Concrete Resurfacing, Concrete Stair, Step and Ramp Construction, Decorative or Stamped Concrete, Foundation Construction, Foundation Inspection, Foundation Repair, Foundation Testing, Foundations and Gutter Repair.

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Business Listed By:

Don Emmett

Murphy Business Brokers