Premier Concrete Contractor in Central NC

NC (Relocatable)

Premier Concrete Contractor in Central NC
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Asking Price: N/A

Cash Flow: $2,676,197

Gross Revenue: $18,520,856

EBITDA: N/A

FF&E: $2,135,000

Inventory: N/A

Established: 2003

Premier Concrete Contractor in Central NC

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Business Description

$2 million EBITDA

This full-service turn-key concrete contractor, consisting of 41 employees and 8 crews of subcontractors, delivers high quality concrete and masonry services in North Carolina's central region and the surrounding states. Because of their history and reputation, the company is the regions preferred concrete contractor. The company offers an array of services for both residential clients (housing developments, sub divisions, private), large-scale commercial developers and public construction initiatives (schools, NC DOT, government). 95% of projects are performed in the Central North Carolina region.

Detailed Information

Employees:
41 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located in a robust and growing Triangle region within easy access to multiple nearby cities and municipalities. The company maintains office space and an industrial yard that houses all conveying company equipment, vehicles, and machinery. The buyer may continue to rent/lease these spaces.
Competition:
The concrete industry is highly fragmented, with many small-scale, geographically dispersed contractors participating in the market. The skilled services performed by this industry include brick and block laying, pointing, tuck pointing, cleaning and caulking masonry. The industry generates just over 40% of its revenue from services provided to the residential building construction market, which includes brickwork on exterior wall sidings and pavement. An additional 24.2% of industry revenue is produced from the laying of masonry on walls, facades and foyers in offices, retail stores and other commercial buildings. The remaining earnings are derived from schools, hospitals and other institutional construction projects. (ref. Ibis World) Over the past five years, the concrete/masonry industry in the US has grown by 4.7% to reach revenue of $27 billion in 2018. In the same time frame, the number of businesses has grown by 1.1% and the number of employees has grown by 2.6%.
Growth & Expansion:
This business is currently performing skilled work in 3 states with room for expansion. This business can grow by increasing their residential contracts, adding more crews, as well as doing more concrete wall projects, sub-contract and machine work.
Support & Training:
Will train for 4 weeks @ $0 cost.
Reason for Selling:
Owner wishes to move toward a well-deserved next chapter (retirement).
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Don Emmett

Business Listed By:
Don Emmett

Murphy Business & Financial Corporation

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Sponsoring Broker:
Ron Buck

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