MergerPlace

30 Year Masonry Co with Property

Cincinnati, Ohio (Hamilton)


  • Asking Price: $286,000
  • Gross Income: $373,000
  • Cash Flow: $160,000
  • Real Estate: $50,000
  • Inventory: $2,500
  • FF&E: $250,000
  • Listing ID: #226235
  • Established: 1990
  • Employees: 3

Business Description

This company is operated by the original retirement aged owner who has built his reputation on respect, trust, and great customer service. His employees are skilled in brick laying, tuck pointing, and repair for both stone and brick walls. March of 2021 sales so far include completed jobs and signed contracts for over $160,000 - 2021 is looking to be a great year. Buyer could expect quick growth with taking on larger jobs that the current owner refers to larger masonry contractors. The price includes a 4,000 square foot office / warehouse that is centrally located in the Greater Cincinnati region. This business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:

SBA loan eligible
Work of mouth advertising only
Price includes all inventory & equipment
Basically an April thru December work schedule
No PPP money – business grew thru the pandemic
Clean books & records – all numbers are verifiable
Serving both residential and commercial customers
Price includes 4,000 square foot office / warehouse
Long time staff in place – over 70 years with company


Business Details

Primary Business Category: Contractors - Special Trade
Location: Ohio
Metropolitan Area: Cincinnati
County: Hamilton

Company Information

Year Established: 1990
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3

Financial Information

Asking Price: $286,000
Gross Revenue: $373,000
Cash Flow: $160,000
EBITDA: $160,000
FF&E: $250,000
Inventory: $2,500
Real Estate: $50,000
Seller Financing Available: No

Property Information

Facilities:

The price includes a 4,000 square foot office / warehouse which is centrally located in the Greater Cincinnati region. The facility contains all of the inventory and equipment necessary to perform their services along with any required fabrication.

Growth & expansion opportunities:

The current owner truly does not take on any large jobs. He prefers to perform smaller, quick turn around jobs. He refers larger jobs to his competition. Much growth could come from quoting and taking on these jobs that are currently being referred elsewhere.

Competition:

The company has been built on respect, trust, and great customer services. Most jobs come from referrals from previous customers.

Reason for selling:

Owner is over the age of 65 and would like to fully retire after a successful transition to the buyer.

Support & Training:

The owner will train in all aspects of the business and will be available to ensure a smooth transition.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers