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Sunbelt of Western Colorado

Established Concrete Construction Company In Colorado For Sale

Colorado, US
Asking Price:
$5,900,000 Furniture / Fixtures included
Sales Revenue:
$6,330,658
Cash Flow:
$1,622,854

This 18 year old concrete construction company built on professional relationships, an exceptionally trained staff, and quality workmanship is ready for a smooth transition to a new owner. All key and long standing employees manage day to day operations. The owner manages the company very semi- absentee. A competent General Manager with high level management skills oversees all projects and performs estimates. An accomplished office administrator handles everything from payroll to all facets of internal bookkeeping including A/R, A/P, invoicing and collections. The remaining 20 or so experienced employees who manage the operations of the business have been with this company for as may as 16 of the 18 years in business.

The company has relationships that extend from three to sixteen years with ten of the largest commercial and residential contractors in the area. Government projects are also in the mix. Generally speaking all business is awarded from these groups. And while a couple of other competitors are in the commercial sector neither take on residential projects.

Specific to this company over competitors is the highest quality machinery and state of the art equipment used to efficiently and professionally manage projects. Very particular processes are in place to expedite transport of and setting of forms. Industry software is used for estimating projects and for on site project management. With the equipment on hand the company is ready to scale by as much as 50% with additional staff.

This company offers a full array of services from foundations, slab walls, and footings to finish work including driveways, patios, and decorative concrete. Other services include subdivision development such as sidewalks, curb and gutter, barrier walls, as well as minor excavation of existing concrete. Winter rental equipment and blankets are also available.

The company targets a close geographical area. Plenty of work remains in the area and beyond if a new owner wishes to take on a larger footprint. Operations can take place 12 months out of the year.
Facilities:
The Real Estate is owned by the Seller. It is for sale. An appraisal will be conducted prior to the sale.
Included in the real estate is a yard to store heavy equipment and a 40 by 65 shop that is utilized for storage and maintenance of small equipment. Additional information will be made available regarding the real estate.
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value: -2
Real Estate Description:
An appraisal will be conducted prior to the sale. Additional information will be made available regarding the real estate.

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: -2
Market Competition: An abundance of work in the area and beyond makes competition not a factor in this sector of construction.

Business Operation

Reasons for selling:

Seller is ready to transition and take time with family.

Employees:
Full Time: 23
Years established:
18

Other Information

Support & training:

The Seller will provide support for a smooth transition but does not plan an extended stay with the company. The highly skilled staff comprised of Foremen and Finishers with up to 16 years of service, will be an integral part of the transition. As mentioned above a General Manager is in full charge of operations.

Financing available:

Downpayment Required: -2
Financing is available

Furniture / Fixtures value:
$2,678,000 - included in the asking price