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.