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Premier Concrete Pre-Cast In Mountain For Sale

Mountain, United States
Asking Price:
$11,500,000 (USD) Furniture / Fixtures included
Sales Revenue:
$7,702,283 (USD)
Cash Flow:
Available on request

This company is one of the premier providers of precast products. Since January 2016 the company has invested more than $1 million in capital expenditures, especially in forms and molds, vehicles, and loaders and unloaders. The investments have equipped the company with greater capacity to compete for even larger projects. As a result, the company is profitable, cash-flow positive and growing.

The recently-appraised value for the Real Estate (two working lots) is $3,680,000 including buildings and improvements.
Another plus is access to a yet-to-be-developed sand and gravel pit site. The engineering report found that the prospective pit has a high ratio of gravel to sand; 77/22.

In short, this is a seasoned company built to grow for another 50 years.

The listing price is $11,500,00.

Five reasons to buy this company now:
o Nearly 1/3 of the company’s assets (at book value) are less than 18 months old.
o Profitable, growing, cash-flowing business
o Company has both the necessary space and a clear strategy for growth
o The economy of the area, the company’s primary sales territories, are growing faster than the
country as a whole
o The gravel and sand business could be developed as a long-term growth driver for the
company, or sold to raise cash

Property information

Real Estate:

Real Property Included

Business Operation

Expansion Potential:

Company management enabled its current and near-term growth with its decision to add new production capacity and capabilities over the last 18 months. Likewise, Company management found and recently purchased land with an eye toward opening up a sand and gravel operation, so as to activate future growth prospects.

Reasons for selling:

Retirement

Employees:
49
Years established:
24

Other Information

Support & training:

40 hours training, + a 5-year non-compete within 100-mile radius of company headquarters

Furniture / Fixtures value:
$2,800,000 (USD) - included in the asking price
Inventory / Stock value:
$1,000,000 (USD)

Listed by

Business Resource Center SLC

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