St. Louis Area Concrete Pouring and Finishing

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Asking Price:
$290,000

Gross Revenue:
$1,226,054
Cash Flow:
$97,338
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$273,750
included in asking price

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Business Description

Premier concrete work and designer concrete polishing are the main services offered by this business. With a well-regarded name, this company is on the cutting edge of the industry and a premier provider in the local and national markets. With quality results, this business has a high level of referrals and uses little advertising.

The concrete side of the business is currently about 70% of the revenue and is typically done within a 30-mile radius of the office. These services include residential tear out and replacement of driveways, patios, and sidewalks. The owner has developed a unique approach to bidding these projects utilizing drones to survey neighborhoods. Also included in these services is stamping, staining, trench footings, formed walls, and slab concrete as well as some commercial work.

The polishing concrete aspect of this business is currently around 30% of revenue. These services are mostly outside of the area, with a national customer base. Included in the sale is training and education on cutting edge polishing technology that reduces labor, materials, and time by 80%. Options for decorative concrete include acid staining, integral color, stamping, sand finish, dying, and prep services.

This business is currently in its own building that is customized for specialty concrete work. With multiple samples of concrete options in showrooms both inside and out, this building would be available for a new owner to lease. If a building purchase is desired, this would be done outside the sale of the business.

Year Established: 1990
Location and Service Area: East Central Missouri
Client Demographics: 70% local concrete (70% residential, 30% commercial) 30% polished with a national customer base
Lease: Customized 6,000 sq. ft. building with 1,000 sq. ft. of office space, 14x14 doors
Reason for Selling: New ventures out of state
Employees: 6 FT Office manager, Project Manager, 4 Concrete Specialists
Hours: Monday - Friday 7-5
Seller Training Period: 90 days transition
Growth Opportunities: Expand commercial business, increase drone bidding, increase polished concrete services
Current Owner’s Responsibilities: Absentee oversight of concrete side of business, personally does all polished concrete work

Equipment: $183,750 concrete equipment, flatwork forms, cutting edge technology for polishing concrete
Vehicles: $90,000
Intangible Assets: Great reputation, name recognition, referrals, technology-based edge on market
Secured Work: $600,000
*amounts may vary

About the Business

Year Established:
1990
Number of Employees:
6 FT
Real Estate:
Leased
Building Sq. Ft.:
1
Lease Amount/Mo.:
$1.00
Facilities:
Customized 6,000 sq. ft. building with 1,000 sq. ft. of office space, 14x14 doors
Growth & Expansion:
Expand commercial business, increase drone bidding, increase polished and decorative concrete services
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About the Sale

Reason For Selling:
New ventures out of state
Training/Support:
90 day transition
Seller Financing:
10% Seller Financing: $29,000

Listing Info

ID:
1474041
Ad Detail Views:
654

Attached Files Attachment Disclaimer

  b. Summary - CON036.docx (34 KB)
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U.S. Census Data for Franklin County, MO
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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