Ready Mix And Precast Concrete Manufacturer

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Highly Reputable Manufacturer
Asking Price:
 Not Disclosed

Gross Revenue:
$4,000,000
Cash Flow:
$700,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$200,000
not included in asking price

FF&E:
$1,440,000
included in asking price

Real Estate:
$2,800,000
included in asking price

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Business Description

This is a well-established, profitable manufacturer of ready mix and precast concrete products as well as a supplier of sand, stone and gravel from the company’s quarry. The company produces quality product meeting the needs of a loyal, repeat customer base.
The business with revenue of over $4 million in 2017, generating an operating income of $700,000 before paying salaries to its 3 owners. The business is being offered for sale at its underlying asset value.

About the Business

Year Established:
1950
Number of Employees:
20
Real Estate:
Owned
Facilities:
There are 3 distinct parcels of real estate on 143 acres. A total of 7 buildings includes encompass 45,000 sq. ft. The facilities include an updated, fully automated batch plant with an area for pouring precast products, another plant in a different market area for precast products. There is also a quarry on 110 acres with a permit to use 75 acres for mining and crushing rock and gravel. In addition to the real estate, the batch plant, an aggregate processing plant, and a full array of concrete mixers, boom trucks, dump trucks, loaders, bulldozers and more are included.
Market Outlook/
Competition:
There are a number of regional manufacturers, 4 of whom are prime competitors. This company performs well because of quality product, on time deliveries and long-term relationships.
Growth & Expansion:
There is significant excess plant capacity at the batch plant. The second facility is in a vibrant growing market area. The current owners have indicated that if they planned to own the business for the next few years, they would add a batch plant to this location.
The current level of business is comfortable, and management has chosen to focus its efforts on contractors who serve residential markets. However, there is no reason to not pursue modest commercial jobs.
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About the Sale

Reason For Selling:
Two of the three members of the LLC have reached retirement age.
Training/Support:
The owners will devote their time to insuring a smooth transition.
Seller Financing:
Seller will consider financing a portion of the sales price

Listing Info

ID:
1536632
Ad Detail Views:
70

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Business Listed by

Country Business Inc.

Country Business, Inc.

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