MergerPlace

Price Reduced!

Utah


  • Asking Price: $2,650,000
  • Gross Income: $1,206,601
  • Cash Flow: $507,566
  • Real Estate: $800,000
  • Inventory: $50,000
  • FF&E: $1,232,402
  • Listing ID: #199243
  • Established: 1997
  • Employees: 3 FT/1 PT

Business Description

This turnkey business is comprised of three different but interrelated businesses. Each business is concrete related and deals with similar clientele. The company produces concrete which can be immediately utilized in products that they market; or it can be sold to other users of concrete mud. The business owns trucks to provide for delivery of either finished products to customers or the concrete mud. The company has an outstanding reputation in the area and has a very established clientele that they service. Growth has been very consistent; and the development market in Utah is very strong with no weakening in sight. Though the business is well suited for the location, it could be relocated.


Business Details

Primary Business Category: Retail Trade - Building Material, Hardware & Garden
Location: Utah

Company Information

Year Established: 1997
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/1 PT

Financial Information

Asking Price: $2,650,000
Gross Revenue: $1,206,601
Cash Flow: $507,566
FF&E: $1,232,402
Inventory: $50,000
Real Estate: $800,000
Seller Financing Available: Yes

Property Information

Facilities:

This business is located on a 3 acre parcel along the Wasatch front which houses the offices, operations as well as storage for inventory and vehicles. The Real Estate is included in the sale, but it could be excluded. The existing buildings house everything needed for the ongoing operation and growth of the business. There is sufficient room for the concrete batch plant, storage of inventory and raw materials as well as the vehicles required for delivery of product. In addition, there is one building, on site but separated from the rest of the business, which is being rented out on a long term basis; this building and the related income would also be included in the sale.

Growth & expansion opportunities:

Current production is only running at 25% capacity, allowing for increase in utility to expand operations. Prior to health issues, owners invested significantly in additional equipment to expand their product and service line. This investment will yield additional business opportunities. Additionally, Utah has been ranked #1 in construction in the U.S., which will further fuel business and growth.

Competition:

This is one of four businesses that produce these type of products, and one of two that produce these specifically engineered globally branded products. The weight and shipping process provides a captive market within the inter mountain west.

Reason for selling:

Health reasons.

Support & Training:

Will train for 6 weeks @ no cost. The primary business is the manufacture of a variety of engineered precast concrete products for residential as well as commercial construction. The number of precasts sold has increased steadily over the last several years and is set to continue to do so into the future. In addition to the primary business, the ownership group recently purchased a concrete batch plant to significantly lower their cost of all precast products. The ownership group has also begun the manufacture of concrete fencing panels, widely used in the commercial and especially residential developments in the area. Although still a fledgling business, the lower material cost provided by the batch plant makes this a very profitable growth alternative. In addition, the ownership group has invested in cement trucks specifically to handle smaller batches for residential or small commercial uses. This too is a new business but they are very cost competitive and this business can be developed rapidly. There are no particular licenses required for operation of this business (other than the standard city business license). The current employees who are on staff have over 25 years of experience creating the end use products. They are also all experienced in running the batch plant.

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Business Listed By:

Shiloh Sorensen

Murphy Business Brokers