Profitable, Niche, Specialty Concrete Business
Location Maryland,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $2751921
Net Profit / Cash Flow $1021848
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1986
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Owner will work to ensure an orderly transition.
Reason for Sale Retirement to pursue other interests.
Description Started by the current owner in 1986, this highly profitable concrete subcontractor specializes in a lucrative niche within the much larger concrete market. The company is recognized throughout the Mid-Atlantic region as a leader in this niche business. They have an excellent reputation. The company has ongoing contracts and receives all of its new business from word-of-mouth referrals. Customer satisfaction is the end result of the company's efficiency and great work product coupled with their high quality, ''no-call-back,'' service. For the right owner the company provides a well-established platform with very strong operating profits and excellent history upon which to build. The Company grew over twenty percent (20%) during the last fiscal year ending in March 2008 and expects the current fiscal year to be about the same as last. The company is non-union with 11 highly trained long term employees.
Market outlook: Company's market area is still very strong due to the diversified nature of the regional economy which has led all the major metropolitan areas over the last 5 years in employment growth. The company views this business as nearly recession proof and expects to continue its long term growth.
Competition: There are relatively few competitors due to very high barriers to entry.
Growth/Expansion: Could significantly grow this business by adding another work crew, adding new customers, expanding its work volume by adding services outside current niche, and expanding geographically into adjoining markets.
Facilities: Company leases a small office and shop area sufficient for current operations, but may not be of interest to a new owner. Facility and location have no impact on the business. Contact for more information on this Concrete Subcontracting business for sale.
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