Industrial Concrete Services

Indianapolis, IN (Marion County)

Industrial Concrete Services
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Asking Price: $4,980,000

Cash Flow: $1,090,165

Gross Revenue: $8,526,506

EBITDA: N/A

FF&E: N/A

Inventory: $2,000,000

Established: 1995

Industrial Concrete Services

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Business Description

$2M in Equipment and Vehicles plus Secured POs for $2M in New Owner in 2019

With over $2M in vehicles and equipment and over $2MM in secured work, this full-service commercial concrete installer is fit for growth. With an owner that completes no labor, this company capitalizes on the team’s expertise in the full spectrum of concrete services. Projects include flat slabs, tilt walls, structural walls and slabs, foundations, curbs, walkways, driveways, walls, and basements. Specialized services include laser screening, stamping, staining, added texture, and concrete pumping. With over $2MM in assets, this company owns the equipment and pumps necessary to complete high-quality projects without the additional overhead of renting.

Working within an 80-mile radius of their headquarters, no overnight travel is required. Capitalizing on the growing amount of work in Central Indiana, the 62-member team tackles projects for schools, multi-family housing contractors, hotels, medical facilities, and storage facilities, to name a few. Working on public and private contracts, this company has a very diversified customer base and works consistently throughout the year. About 70% of concrete pumping income comes from outside customers.

Potential growth could be found in increasing school and industrial projects as there are several located near this business. Additional pumps could be acquired to increase capacity, if desired. There is also a lot of room to grow the pumping business to outside customers with additional equipment acquisitions. Currently managed by an owner/operator, this seller has general oversight of daily operations, bids, and will assist in project management when assistance is needed. This owner does not do any field work other than occasional site visits.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
62
Facilities:
4,500 sq. ft.: Office and shop; 2,500 Shop; large yard with covered storage
Growth & Expansion:
Increase school contracts, invest in additional pumps, expand industrial projects
Financing:
12.5% Seller Financing: $675,000
Support & Training:
Owner is willing to stay on 1-3 years
Reason for Selling:
Exit Strategy
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Cortney Sells

Business Listed By:
Cortney Sells

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