SALE PENDING - Concrete products manufacturer, installation & service

Miami County, OH

Sale Pending

Asking Price:	$1,100,000
Gross Revenue:	$3,202,973
FF&E:	$600,000
Established Year:	1926

Cash Flow:	$402,338
Inventory:	$200,000
Real Estate:	$1,000,000

Listing ID: 2153950Listing provided by BizBuySell

BUSINESS DESCRIPTION

SALE PENDING - This family-owned concrete products manufacturing business has been providing quality wholesale and retail products and related services since it was founded during the mid-1920s. The current ownership has decided to retire and they’re offering this opportunity to a new generation of owners searching for a fantastic scalable business to acquire and operate.

All concrete products are manufactured in-house. Raw materials are purchased, processed, refined and finished to produce many different products available for retail or wholesale supply. In addition to the concrete products they manufacture this company also provides delivery, installation and technical services to their customers.

Note: This is a confidential listing and the broker will be required to "qualify" all prospective buyers financially and to acquire a fully executed Non-Disclosure Agreement (NDA attached) before any information will be released. A "Buyer Qualification Form (BQF)" is attached that must be reviewed and responded to by each buyer. In addition there is a Buyer Financial Form that must be filled out and returned along with the NDA and BQF forms.

* Please refer to attached documents buyers will need to acknowledge, review and agree to.
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Note: Cash Flow shown is represented as "Sellers Discretionary Earnings" (SDE)
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Note: Cash flow (SDE) is also takes into account that the owner and his wife will be leaving the business and their wages are added into cash flow. We reduced cash flow by a "replacement salary" to be fair. We also reduced cash flow by an estimated debt service amount for the purchase of the real estate (details will be supplied by realtor).
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Note: Real estate is available and the sale of the business is contingent upon the sale of the real estate. The listing commercial realtor will be referred to each qualified buyer who's signed a NDA. BTS is NOT the listing agent for the real estate.

Do not hesitate to contact us with any questions regarding this listing and the process a buyer must follow in order to receive any details about this confidential listing.

ATTACHED DOCUMENTS

Buyer Qualification Form.pdf Download

DETAILED INFORMATION

Location

Miami County, OH

Inventory

Included in asking price

Real Estate

Owned

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

There are multiple buildings on this property including a fully-equipped manufacturing facility, a large batch plant complete with conveyor and processing equipment and a two-story, stand-alone administrative building. There are approximately 15 industrial acres the buyer of the business will be required to purchase. The plant, admin building and parking lots are situated on this acreage they have ample room on the grounds for inventory, heavy equipment and truck/tractor access for delivery and pickup. There is room for expansion on this property.

Competition

There is a large, existing market already established for this type of business. They have not traditionally used salespeople for growth and have depended on repeat and referral business. Owners admit that there are many other prospective companies that could be called upon in other regions outside the boundaries of the region they presently service. This company is VERY well-known and respected for the quality of products produced and the customer service they provide.

Growth & Expansion

Owners believe there is a large untapped territory to grow into for the buyer(s) looking to grow the customer base. This business has the built-in manufacturing process to support the growth but additional personnel and equipment may be required to support increased sales/revenue.

Support & Training

Ownership is willing to remain on for twenty (20) consecutive business days to train new ownership. They may agree to stay longer depending on the compensation offered and having a firm employment agreement in place. There are excellent sales training tools, visual aids, marketing materials and product samples for the new ownership to promote the business.

Reason for Selling

Retirement

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