This company is a locally owned and operated concrete forming company serving the region for over three decades. They have earned an excellent reputation in the local industry. The majority of their work is residential home foundations. However, they offer a variety of concrete services which include cast-in-place concrete, footings, piers & caissons, retaining walls, trench walls, and slabs on grade. They also offer flat-work services such as slabs, sidewalks, driveways, patios, porches, and steps.
Their niche is serving as a trusted sub-contractor for the local residential home builders. They have strong relationships with builders that have lasted decades. The company and its employees are committed to excellence at every turn shown by their investment in the necessary technology and people to ensure the highest quality.
Financials
3-Year average Revenue: $2,500,000
3-Year average Revenue EBITDA: $570,000
Asking Price: $1,600,000
Included in the Asking Price: Equipment assets valued at $526,000
Facilities
This business does not require a large office or warehouse to run efficiently. The facility is a typical office space of 1250 sq/ft in business park surrounded by similar types of businesses. The company also has a ¼ acre storage yard where they store vehicles, forms, and other equipment when not in the field. The monthly rent is very reasonable with the office currently at $1040/month and the storage yard at $500/month.
Market Outlook
Competition: This front range community is a large enough metropolitan area to support competitors of every size ranging from many small upstarts to a handful of fairly large companies. As one of the oldest concrete companies in the market, with a stellar reputation, current ownership pays little attention to competitors. In fact, the owners have resisted the temptation to grow even when pressured by customers and market demands.
Growth and Expansion: Colorado has benefited from 80,000 new residents per year over the last decade. Housing starts will continue to boom in this beautiful state, and there is a wide opportunity available for this business by actively targeting more home builders and adding personnel. For the past two decades the current owners have not actively marketed their services. Minimal effort by new owners could easily double the size of the company within 5 years.
About the Sale
The owners plan to retire and spend more time family and traveling. They are willing to support the buyer through the business transition for 30 days free.
Send Me More Information about this Business
All information contained herein provided by business owner, to be verified by buyer, and not warranted by Crestone Business Group. For more information on this or other profitable business opportunities, please contact:
Crestone Business Group
Jeff Balch, Associate Broker
Direct Phone: (719) 440-4597 | jeff@crestonebusinessgroup.com | www.crestonebusinessgroup.com
