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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Concrete Company Nets $114K
(Services)
Camden County , NJ
Listed Price: $ 195,000
Listing ID: SVS384

Listing DetailsGross Revenue: $ 467,787
Cash Flow: $ 114,742
FFE: $ 75,000 (Included in Price)
Inventory: $ 1,000 (Included in Price)
Reason for Sale:

Owner is retiring.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.


OperationsYear Established: 2004
Non-owner Payroll: $ 9,700
Employees: 7
Absentee Owner: No
LocationLease Expire: 0000-00-00
Type of Location: Home Based
Facilities:

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)


SummaryBusiness Description:

Owner retiring from this highly successful Concrete Mason Company located in Central New Jersey and in Camden County. This wonderful fourteen-year-old business opportunity has a yearly gross income of $467,787 and a net yearly income of $114,742 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 various services, such as decorative stamped concrete, concrete driveways, concrete sealing, drain tile, bricklaying and more. Regarding employees and payroll, 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. This business opportunity is presently in the home office of a private residence and must be relocated at time of closing. The business fixed assets has an estimated value of approximately $75,000 which is based on the cost of the original equipment, licensing, buildout replacement cost, tangible & nontangible, in addition to the multiple of the existing net yearly income. This successful concrete construction company operation is active five days per week, with hours from 8:00 am to 5:00 pm, however based on the particular job description, work hours are often adjusted. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. 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.


Competition:

Regarding competition, 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.


Potential Growth:

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.


Financing/Terms:

Seller financing is available to a qualified buyer