Concrete Company Nets $111k
ConstructionFor Sale in NJ
Financial & Assets Details
About the Business
Owner retiring from this highly successful Concrete Mason Company located in Central New Jersey and in Camden County. This wonderful business opportunity has a yearly gross income of $455,667 and a net yearly income of $111,737 with owner financing. As a home-based company this business can be relocated anywhere the new operator prefers. This well-known concrete company is among the premier concrete construction companies in Central New Jersey. Backed by skilled workers and an unparalleled dedication to quality and longevity the company is known as the number-one choice for quality concrete and masonry. Their commitment to customer service and client satisfaction is equal to their determination that every project be completed to perfection. They offer numerous services, such as decorative stamped concrete, concrete driveways, concrete sealing, drain tile, bricklaying and more. This construction company consist of seven full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $9,700. The business has been valued / priced at $195,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.
Growth & Expansion
The business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.
Will be considered to a qualified buyer with an appropriate down payment.
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
The company is located in Camden county as a home-based business and must be relocated to any new facility. This opportunity is in Central New Jersey, which consists of various highly populated communities with continued demand for this service. (Home Based)
Support & Training
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
Owner is retiring after many years in the industry.