Commercial Concrete Contractor With Profits Up in 2008 For Sale

Business description

This very profitable concrete contractor was started by the current owner more than 10 years ago. This growth is happening without any significant sales and marketing expense. Instead, this growth is driven primarily by the company’s excellent reputation of completing projects on-time in a quality manner. These are two things which are extremely important to the general contractors, who are the company’s primary customers. This allows the company to win orders even when they are not the lowest bidder.

This valuable reputation has been earned by the operational systems that the owner has set up and the skills and dedication of its employees. The owner has treated its employees well, resulting in very low turnover, especially in the skilled positions. The company’s 5 foremen have been producing for the company for an average of 6 years.

The company’s main market is the high growth state of North Carolina. Because the company does business throughout the state, it is cushioned from demand swings in any one local market.

The business is focused on commercial construction in a broad range of projects including schools, office buildings, churches, hospitals, hotels and retail buildings. It also has some work in residential construction, including both single homes and apartment buildings.

Profitability and on-time performance is also aided by on-demand subcontracting relationships with smaller contractors who meet the company’s stringent requirements.

Cash flow is excellent because of its vendor relationships which allow the company to delay paying for most raw materials until it gets paid by its customers.

Other information

Furniture / Fixtures value:

$256,000 (included in the asking price)