Listing Number: 17441-556932
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. Their product mix is 10% masonry and 90% concreate. Their customer base is split 60% residential and 40% commercial with no simple customer making up over 5% of the business.
Listing Details
- Price: $ 1,999,999
- Down Payment: $399,999
- Sellers Discretionary Earnings: $ 253,946
- Total Sales: $ 1,649,497
- Location: Minnesota
- Inventory: $ 0
- FF&E: $ 300,000
- Employees: 8
- Year Established: 1969
- Reason for Selling: Retirement
- Category: Construction
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