A long-established specialty contractor provides concrete foundation work primarily for residential homebuilders, including custom-home projects. The business has developed repeat customer relationships through quality workmanship, dependable completion, and experienced field supervision.
- Asking Price:
- $2,175,000 Furniture / Fixtures included
- Sales Revenue:
- $2,625,996
- Cash Flow:
- $732,627
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Administrative and scheduling functions operate from an office in the business’s service area, while crews perform construction at customer job sites. The facility is owned by the seller; occupancy and any real estate arrangements can be addressed during due diligence.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Management believes the business has unused operating capacity. Existing forming equipment could support additional crews, creating an opportunity to pursue more work from current and new builder relationships. Expansion depends on recruiting qualified labor and securing profitable projects.
- Competition / Market:
-
Residential foundation contracting is a fragmented, locally competitive industry. Builders weigh price, crew availability, scheduling, and execution when selecting contractors. Housing activity and skilled labor availability are important drivers of demand and operating capacity.
- Reasons for selling:
-
Owner retirement.
- Trading hours:
-
Mon-Fri 6am-6pm; Sat 6am-1pm
- Employees:
- 7 FT
- Years established:
- 36
Other Information
- Support & training:
-
Will train for 6 weeks @ $0 cost.
- Furniture / Fixtures value:
- $375,000 - included in the asking price
- Relocatable:
- This business can be relocated
