Concrete Pumping & Truck Rentals w/ 2MM In Assets

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Established 15 years with an ongoing cashflow of more than 1MM
Asking Price:
$5,100,000

Gross Revenue:
$3,301,210
Cash Flow:
$1,215,567
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$2,242,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This Northern Indiana concrete pumping and truck rental business has over 2MM in assets with an ongoing cashflow of more than 1 MM. Established for 15 years, this company is operating at the top of their field. Equipment includes seven pumps, a placing boom, a Line Dragon as well as a shop full of any necessary equipment, inventory, and tools required to complete the job. There is also an additional $20,000 in vehicles including trucks, trailers, and a forklift. Work is completed within 100 miles of the headquarters and encompasses Northern Indiana (90%), Southern Michigan, Northern Illinois, and the Chicago Metropolitan area.

The owner works part-time and currently oversees financials, legal, and insurance matters. By design, this business can operate on a day-to-day basis with little input from the proprietor. With processes and procedures in place, the business can operate seamlessly with minimal owner oversight. The team of seven operators, one bookkeeper, and a shop assistant are overseen by the Operations Manager.

The diverse customer base consists of both residential and commercial customers with projects ranging from single family homes to slab foundations, bridges to treatment plants, and roadways to pilings. Meeting the needs of a wide customer base sets this company apart from its competition as well as their positive reputation for reliable and superior results.

About the Business

Location:
Indiana
Year Established:
2004
Number of Employees:
10
Facilities:
Building: 10,500 sq. ft.: 1,500sq. ft. office, 7,000sq. ft. inside parking, 2,000 sq. ft. storage (rack and open)
Market Outlook/
Competition:
Location: Northern Indiana
Service Area: Indiana (90%), Southern Michigan, Northern Illinois including Chicagoland
Clients: Commercial and industrial, infrastructure, residential
Services: Concrete pumping, truck rentals
Growth & Expansion:
Growth Opportunities: Increase exposure and networking in Chicagoland to acquire more business in this area, extend service area south to include a greater number of agricultural projects
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About the Sale

Reason For Selling:
Retirement financial planning
Training/Support:
Seller Training Period: Flexible 90 days to 1 year, as negotiated
Current Owner’s Responsibilities: Oversight only: financial, legal, insurance
Seller Financing:
12.5% Seller financing

Listing Info

ID:
1646481
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  b. Summary - CON069.docx (36 KB)
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