4 Decade Old Concrete and Masonry Contractor

Listing Details:

• Business Category:    Construction
• Price:                            $1,999,999
• Gross Revenue:           $1,893,854
• SDE:                              $539,121 
• Seller Financing:          $1,599,999
  
• Location:                      Northwest Twin Cities
• Employees:                   8
• Support & Training:      6 weeks
• Reason for Selling:      Retirement         
  
                                            

Business Description:

• Started in 1969
• Concreate and Masonry Contractor
• $300,000 in equipment included the sale
• Will need to be relocated
  
  

Deal Outline

The owner is willing to accept a 20% down payment and will finance the balance amortized over 10 years with a balloon in three. This will give the new owners the opportunity to build up substantial equity and avoid the cost of SBA financing.

Business Background

The company does vary little marketing and has no salespeople on staff. All business leads comes from past clients, word of mouth or internet searches. There product mix is 10% masonry and 90% concreate. There customer base is split 60% residential and 40% commercial with on simple customer making up over 5% of the business.