This highly profitable concrete contractor provides a broad range of construction services providing value to their clients as the go to company in the area. Because of their unique offerings and reputation for expedient quality work, they have a loyal customer base. They business has no complaints and an A+ rating by the BBB. The largest customer is only 5.4% of overall revenue and the consistent client base brings repeat work for new projects. It is believed that if a new organization concentrated on marketing and business management that sales could definitely increase. Q1 was a record quarter and it is anticipated to continue throughout the year.
The business is currently run semi-absentee and has a General Manager in place that is willing to stay with the new owners. The landlord will continue tenant friendly lease if desired at the current location. The business has nearly $4.5M in assets and will be sold free and clear as an asset sale. No operating working capital is being included as the end of the 2023 AR was $707k with 96% current and AP of $585k, including current portion of long-term debt.
The business is being offered for other business interests and semi-retirement reasons. A meaningful training & transition along with a reasonable non-compete will be provided for new ownership. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. Email Doug Scheiding at [email protected] for more information.
