Growing Potential in Concrete Manufacturer in NC! (37644)

Financial & Assets Details

About the Business

Business Description

Best suited as an add-on for an existing business, this North Carolina manufacturer and supplier of septic tanks up to 3,000 gallons, precast concrete forms and galvanized pipes for commercial applications. The company also offers a wide range of drain field pipes, fittings, distribution boxes, risers and parking bumpers. Located within an hour of Raleigh, their 7,800 square foot facility features a spacious industrial yard for storage, it consists of an office space and a warehouse and production area. The proprietor is open to the option of leasing out or selling as location is in excellent condition, zoned for R-15 residential use and capable of handling additional capacity. Marketing efforts focus on targeting individuals, contractors among the several surrounding counties through newspaper ads and word of mouth referral sources. With its proven track record supported by nearly 50 years of ongoing business, seller believes the strong reputation within the community, large repeat-client base and skilled personnel with field experience present many growth opportunities for a strategic buyer. While they offer a diverse selection of products, there’s still plenty of additional services and products that could be offered. Also, there’s room for growth with a stronger focus on city development projects. Currently projecting $291,112 in gross sales for 2019, the company had revenues reaching $291,286 and Seller’s Discretionary Earnings of $75,630 for 2018.

Seller Financing

Negotiable for the right buyer.

Location Details:

Leased.

Support & Training

Owner Transition period of up to 3 months.

Reason for Selling:

Health Reasons.