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Listed by:

Regal Consulting Corp.

Established Masonry Concrete Co Nets $200,000. In Camden County For Sale

Camden County, New Jersey, US
Asking Price:
$375,500 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$944,292
Cash Flow:
$219,000

This is the most unusual opportunity to own this successful concrete masonry company due to the owners’ retirement after twenty-five years, located in Central New Jersey and Camden County. This wonderful business opportunity has yearly gross sales of $944,292 and a consistent net yearly income with continued growth.

This business can be relocated anywhere the new operator prefers. This well-known masonry-concrete company is among the highly successful masonry construction companies in Central New Jersey. Backed by skilled workers and an unparalleled dedication to quality and longevity, the company is known as the number one choice for quality concrete and masonry. Their commitment to customer service and client satisfaction is equal to their determination that every project be completed to perfection. They offer numerous services, such as decorative stamped concrete, concrete driveways, concrete sealing, drain tile, bricklaying, and more. This is a dependable, safe business opportunity that offers owner financing.

The 2022 yearly gross income represented by the seller owner is $775,500, which includes discretionary income, and the business has a yearly net income of $219,000 based on an onsite owner operator and prior to any debt service. The 2024 company’s gross income is projected to further increase from the previous years. Also, seller financing is available with a modest down payment, and formal due diligence is recommended by the purchaser.

The business has been valued/priced at $399,500 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Seller financing is available with a modest down payment, also, SBA and seller financing are available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Property Information

Real Estate:

Lease

Lease Terms:

This business opportunity is presently in the home office and must be relocated at time of closing with an off site parking area.

Lease Rent:
$36,000 per sq ft per annum
Location:

This opportunity is in Central New Jersey, which consists of various highly populated communities with continued demand for this service.

Premises Details:

The company is located in Camden County as a home-based business and must be relocated to any new facility

Size in square feet:
1,500

Business Operation

Expansion Potential:

The business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.

Competition / Market:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reasons for selling:

The purpose of this business transaction is due to the owner retirement after many years in this construction industry.

Trading hours:

This successful concrete construction company operation is active five days per week, with hours from 8:00 am to 5:00 pm, however based on the particular job description, work hours are often adjusted.

Employees:
This construction company consist of seven full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $9,900.
Years established:
1998

Other Information

Support & training:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner will finance to a qualified buyer with a Modest down payment.

Furniture / Fixtures value:
$110,000 - included in the asking price
Inventory / Stock value:
$1,500 - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.