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Listed by:

The Firm

Concrete Pumping And Truck Rental Collateralized For Sale

Chicago, Illinois, US
Asking Price:
$4,100,000 (USD)
Sales Revenue:
$3,095,219 (USD)
Cash Flow:
$1,047,327 (USD)

The owner of this business does oversight only – no labor! This Northern Indiana concrete pumping and truck rental business has over $3MM in assets with an ongoing cashflow of more than $1MM. Established for 15 years, this company is operating at the top of their field. The team of 10 employees includes an Operations Manager, seven operators, one bookkeeper, and a shop assistant. Equipment includes seven pumps, a placing boom, a Line Dragon as well as a shop full of any necessary equipment, inventory, and tools required to complete the job. There is also an additional $20,000 in vehicles including trucks, trailers, and a forklift. Work is completed within 100 miles of the headquarters and encompasses Northern Indiana, Southern Michigan, Northern Illinois, and the Chicago Metropolitan area.

The owner works part-time and currently oversees financials, legal, and insurance matters. By design, this business can operate on a day-to-day basis with little input from the proprietor. With processes and procedures in place, the business can operate seamlessly with minimal owner oversight.

The diverse customer base consists of both residential and commercial customers with projects ranging from single family homes to slab foundations, bridges to treatment plants, and roadways to pilings. Meeting the needs of a wide customer base sets this company apart from its competition as well as their positive reputation for reliable and superior results.

Property Information

Real Estate:

Real Property Included

Location:

Chicago

Premises Details:

10,500 sq. ft.: 1,500sq. ft. office, 7,000sq. ft. inside parking, 2,000 sq. ft. storage (rack and open)

Size in square feet:
10,500

Business Operation

Expansion Potential:

Increase exposure and networking in Chicagoland to acquire more business in this area, extend service area south to include a greater number of agricultural projects

Reasons for selling:

Retirement

Employees:
10
Years established:
2004

Other Information

Support & training:

6 months

Financing available:

Purchase Price: $4,100,000
12.5% Buyer Down Payment: $512,500
12.5% Seller Financing: $512,500
75% Bank Loan: $3,075,000

A 12.5% down payment of $512,500 returns $447,754 in the first year after debt payments!

*75% collateralized*

Related Documents:

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