This business specializes in the construction and pouring of concrete surfaces for mainly commercial clients in Nebraska and around the country. Around 95% of clients are commercial. These clients call the business with very little advertising on the owners’ part because of the businesses regional reputation. Jobs include laying floors, foundations, driveways, and other large concrete areas all across Nebraska and into neighboring states. Clients include schools, churches, medical centers, and other construction companies. The average contract is over $300,000.
To sustain this operation there are 22 employees working in 2 crews. Of the 22, 1 is responsible for billing and works part-time. Among the other 21 there is 1 Estimator, 1 General Manager, 3 Foremen, 3 Concrete Pump Operators, and the rest are general laborers. The 21 field workers can combine to all work on the larger jobs and can also be split up into three crews if the jobs so require. One way to grow this business is to run additional crews and to bring on more crew members. The current owner has a relaxed position and is responsible for reviewing bids when necessary and periodically checks on larger jobs.
The building currently used by the company is owned by the seller and includes a 1,500 sq. ft. office and 2,400 sq. ft. shop and a 4,800 sq. ft. warehouse used to store equipment and vehicles. The owner will rent out this space to the buyer.
After the first year of ownership a new buyer can expect a Net Operating Income (Profit) of $569,972.
Asking Price $5,500,000
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