Architectural Precast Concrete Manufacturer
Illinois
| Gross Revenue: | $8,700,000 |
| Real Estate: | $7,000,000 |
| EBITDA: | $708,000 |
Listing ID: 2234388Listing provided by BizBuySell
BUSINESS DESCRIPTION
Long History of Profits - Serving Northern IL, Southern WI, and Northwest IN
A regional Architectural Precast concrete manufacturing company. The company was founded as a manufacturer of simple industrial wall panels and has become one of the leading and most respected manufacturers of architectural precast products in the Midwest. Serving both private and public sectors, products are incorporated into buildings including hospital and medical facilities, office and industrial buildings, parking garages, commercial buildings, Education and sports facilities.
DETAILED INFORMATION
Location
Illinois
Inventory
Not Included in asking price
Real Estate
Owned
Employees
35
Facilities
Bldg 1 - 22,103 SF/Office 7,504 SF, 30’
Bldg 2 – 32,392 SF/Office
Lot 10.22 acre
Real Estate sale price $7.08mm, to be sold concurrent with the sale of the business.
Competition
Favorable industry trend with customers increasingly utilizing off site prefabricated building products
Industry and consumer wide recognition of environmental benefits of precast concrete products
The company is benefitting from a robust sales pipeline of new business with contracts in hand for 2024 that will double YOY revenue. New business continues at a brisk pace by both competitive bid and the design assist negotiated method.
Growth & Expansion
Virtually no advertising for new business
Support & Training
The owners will be available for a customary smooth transition.
Reason for Selling
Retirement
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