This company is one of the premier providers of precast products. Since January 2016 the company has invested more than $1 million in capital expenditures, especially in forms and molds, vehicles, and loaders and unloaders. The investments have equipped the company with greater capacity to compete for even larger projects. As a result, the company is profitable, cash-flow positive and growing.
The recently-appraised value for the Real Estate (two working lots) is $3,680,000 including buildings and improvements.
Another plus is access to a yet-to-be-developed sand and gravel pit site. The engineering report found that the prospective pit has a high ratio of gravel to sand; 77/22.
In short, this is a seasoned company built to grow for another 50 years.
The listing price is $11,500,00.
Five reasons to buy this company now:
o Nearly 1/3 of the company’s assets (at book value) are less than
18 months old.
o Profitable, growing, cash-flowing business
o Company has both the necessary space and a clear strategy for
o The economy of the area, the company’s primary sales territories,
are growing faster than the country as a whole
o The gravel and sand business could be developed as a long-term
growth driver for the company, or sold to raise cash