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Precast Products Manufacturing Company
Location: United States -> Mountain
Industry: Manufacturing > Textiles and Materials Manufacturing




Business Summary

This company is one of the premier providers of precast products. Since January 2016 the company has invested more than $1 million in capital expenditures, especially in forms and molds, vehicles, and loaders and unloaders. The investments have equipped the company with greater capacity to compete for even larger projects. As a result, the company is profitable, cash-flow positive and growing.

The recently-appraised value for the Real Estate (two working lots) is $3,680,000 including buildings and improvements.
Another plus is access to a yet-to-be-developed sand and gravel pit site. The engineering report found that the prospective pit has a high ratio of gravel to sand; 77/22.

In short, this is a seasoned company built to grow for another 50 years.

The listing price is $11,500,00.

Five reasons to buy this company now:
o Nearly 1/3 of the company's assets (at book value) are less than 18 months old.
o Profitable, growing, cash-flowing business
o Company has both the necessary space and a clear strategy for growth
o The economy of the area, the company's primary sales territories, are growing faster than the
country as a whole
o The gravel and sand business could be developed as a long-term growth driver for the company, or
sold to raise cash


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   $7,702,283
Cash Flow:   $1,198,767
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $2,800,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1993
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned

About The Sale

Management Training and Support:  40 hours training, + a 5-year non-compete within 100-mile radius of company headquarters
Reason For Selling:  Retirement




Print Listing Id: 700283000
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Also See: Franchise Opportunities > Franchise Resales

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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