Manufacturer/Supplier of Ready-Mix Concrete & Aggregates

Mid West

Manufacturer/Supplier of Ready-Mix Concrete & Aggregates

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$3,600,000





Manufacturer/Supplier of Ready-Mix Concrete & Aggregates

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Business Description

The Company is a two-location supplier and manufacturer (with its own quarries) of aggregates (sand, stone, and gravel), ready-mix concrete, and precast concrete products. In 2014, revenue was derived from concrete (52%), aggregate (40%), and precast (8%) products.

Its customer markets in 2014 were diversified across residential (41%), industrial (35%), commercial (15%), government (5%), and agricultural (4%). The Company currently serves 250 customers in its geographic region.

The Company owns all of its facilities, including land, pits, quarries, offices, a warehouse, concrete batch plant buildings (two locations), a shop and precast building with overhead hoists, and a repair shop. The facilities are staffed 18 full-time employees, some of whom work seasonally. The Company primarily differentiates itself on product quality and service, especially quick deliveries of commodities.

Detailed Information

- Superior Name and Reputation: With over 100 years in operation, the Company has a great reputation and is well-known throughout its operating region, while enjoying a high rate of repeat and referral business. - Owned Quarries: The Company owns gravel and quarry lands, providing long-term sources for aggregate and raw material for products. - Earnings Percentage is Above Industry Benchmarks: The Company’s EBIT margin of 9.5% in 2014 significantly outperformed the industry average of negative 0.2% for ready-mix concrete manufacturers with annual sales between $3 million and $5 million.
Support & Training:
As needed
Reason for Selling:

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Jim Hines

Business Listed By:
Jim Hines

Generational Equity, LLC

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Lisa Lippe

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