Leading Concrete Forming Contractor

ON

Leading Concrete Forming Contractor
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $36,000,000

EBITDA: $2,700,000

FF&E: N/A

Inventory: N/A

Established: N/A

Leading Concrete Forming Contractor

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Business Description

The Company installs and finishes concrete structures for a wide range of mid-rise and high-rise projects. Typical services include concrete forming, pouring, and finishing; concrete formwork fabrication; architectural formwork with custom-engineered formwork; excavation services; and consultation with construction managers, general contractos, soil consultants, structural engineers, and other specialty contractors in design/reengineering.

The Company typically works with large contractors or construction managers (approximately 50% in recent years) and developers (50%). It has project experience in all industrial and commercial sectors. In recent years, the project mix comprised mid-rise and high-rise residential (50% of sales) and industrial, commercial, and institutional (50%) sectors.

Operations are conducted from one headquarters facility which comprises 4,000 square feet for offices, a 5,000-square foot warehouse, and ample room for vehicles and material storage, on 2.5 acres. The employee base currently totals 170 full-time personnel.

Detailed Information

Competition:
* Streamlined Operations and Company Structure: The Company has refined its bidding, customer interface, project completion, and policy/procedures over many years, providing a strong operational platform for future growth. * Backlog of Signed Contracts: The backlog as of August 2018 was $30 million. The Company has current and pending contracts now, supporting revenue levels of $30+ million for approximately the next two years.
Financing:
Negotiable
Support & Training:
Management/administration staff include four project managers, seven project coordinators, and four financial/administrative employees, as well as experienced estimators who can quote projects with consistent accuracy.
Reason for Selling:
Additional capital required to take company to the next level
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Corey Painter

Business Listed By:
Corey Painter

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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