Price: $375,500
Location: Camden County, New Jersey
Industry: Construction
Listing ID: CONST153
Owner retiring from this successful Concrete Masonry Company after twenty five years, located in Central New Jersey and in Camden County, with Owner Financing. This wonderful business opportunity has yearly gross sales of $944,292 and a consistent net yearly income with continued growth. This business can be relocated anywhere the new operator prefers. This well-known masonry-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 numerous services, such as decorative stamped concrete, concrete driveways, concrete sealing, drain tile, bricklaying and more. This is a dependable safe business opportunity and offers owner financing. The 2023 yearly gross income represented by the seller owner is $844,292 which includes discretionary income, and the business has a yearly net income of $200,000 based on an onsite owner operator and prior to any debt service. The 2024 company’s gross income is projected to further increase from the previous years. Also, seller financing available with a modest down payment a formal due diligence is recommended by the purchaser.
Listing Details
Revenue: $944,292
Cash Flow: $219,000
FFE: $110,000 (Included in Price)
Inventory: $1,500 (Included in Price)
Lender Pre-Qualified?: Yes
Form of Ownership:
C Corp
Reason For Sale:
The purpose of this business transaction is due to the owner retirement after many years in this construction industry.
Training & Support:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Operation
Year Established: 2000
Days & Hours of Operation: This successful masonry 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.
Owner Hours Per Week: Full Time
Employees: 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 $9,900.
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: TBD
Type of Location: Commercial
Square Footage: 1,000
Relocatable?: Yes
Facilities Information:
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.
Summary
Historical Summary:
Twenty year old company
Owner Qualifications:
For Qualifications purposes, this business opportunity and industry does not require government licensing approval to purchase or operate other than the standard required municipal state licenses.
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:
Also, seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
