Established and Very Profitable Concrete and Masonry contractor

Haymarket, VA

Asking Price:	$1,400,000
Gross Revenue:	$821,355
FF&E:	$285,000

Cash Flow:	$400,712
Inventory:	$3,000
Established Year:	1998

Listing ID: 2027113Listing provided by BizBuySell

BUSINESS DESCRIPTION

This 24-year-old concrete and masonry contractor has been providing quality concrete, brick, block and stone masonry work to residential and commercial customers in Northern Virginia. Whether replacing old or damaged work, or creating something new, the business has the skills, craftsmanship, and professional follow through to make the project come out great. And it stands behind the longevity of its work with a warranty.

Top-rated in the Angie's List and BBB Accredited, the business has a higher level of trustworthiness. It helps a client plan, design, and execute any type of concrete, brick, block or stone masonry project. The business is the expert in building concrete driveways, stone patios, brick steps and walkways, exposed aggregate porches, garage floors, stone walls and more. The business maintains excellent relationships with suppliers, vendors, and masons that there is enough work to keep 2-5 crews busy throughout the year.

The current contract revenues are approximately divided between residential customers (90%) and commercial customers (10%), a great opportunity for an established buyer to break into the residential market. The owner works 20-25 hours a week.

Previous Three Years
2022: $853,916 Construction Income/ Revenue with $444,307 Cash Flow
2021: $1,240,433 Construction Income/Revenue with $657,828 Cash Flow
2020: $1,023,479 Construction Income/Revenue with $502,214 Cash Flow

DETAILED INFORMATION

Location

Relocatable

Inventory

Included in asking price

Real Estate

Owned

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The business operates out of a space of 3,456 SF from a building of 2,560 SF (40’ x 60’ wide) with an 896 SF (14’ x 60’) mezzanine with three (3) roll-up doors. The building, listed separately, is owned by owner, who pays for all the maintenance and extraordinary expenses of the property. Estimated annual capital expenditures of $25,000 are needed for maintaining company operation; all current infrastructure is in place. A total of $285,000 FF&E is included in the sale.

Competition

The current contract revenues are approximately divided between residential customers (90%) and commercial customers (10%). The business stands by its products. With its name and reputation and 24+ years serving Northern Virginia along with its quality of work and warranty, it has set itself apart from the competition in the marketplace.

Growth & Expansion

The business’ potential opportunities are real by developing a marketing strategy that involves repeat customer satisfaction, and that explores new opportunities in other untapped sectors, such as highly specific general contractors and design/build firms who are looking for concrete and masonry subcontractors. There is room for high ticket projects like walkways, driveways, patios, chimneys and other custom work. There is an opportunity to hire additional staff and offer additional products and services.

Support & Training

The owner and tenured employees are very knowledgeable in the business and will provide training and transition to ensure the new buyer has all the tools to be successful.

Reason for Selling

After 25 years of success in the business, the owner is ready to retire.

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