Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Listed by:

The Firm

Border Wall School Districts And Hospital Concrete Pumping For Sale

Texas, US
Asking Price:
$17,400,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$16,626,243 (USD)
Cash Flow:
$4,163,890 (USD)

With a 90% recurring client base, this growing concrete business has 4 locations, 36 concrete pumps, over 10MM in hard assets, and 57 employees in Southern California and Texas. The bulk of its contracts are municipal projects, such as K-12 Schools, Universities, Hospitals, and Government Agencies. With its specialized equipment and experienced teams, this business is able to take on projects that would be too large or too difficult for other contractors. The business’s customers are loyal, and since larger public projects and public works are rarely affected by economic changes, the business has been able to weather economic changes and continue to grow while other contractors have failed.

The company boasts over $10MM in hard assets and equipment, including 36 concrete pumps, making them one of the largest concrete companies in the nation. Moreover, the current owners have been efficient in their operations and have focused on sustainable and responsible growth. The owners approach this in two important ways: (1) they purchase all new equipment without incurring any long-term debt; and (2) the owners import their replacement parts from producers and wholesalers worldwide, which allows them to save 30-45% off what their competitors have to pay. Using these approaches, the company has over $2MM in accounts receivable and ongoing work, and typically over 90% of AR is paid within 90 days. All this while remaining DEBT FREE!

Well-trained managers and project leads are in place and the supporting administrative staff is knowledgeable and capable to handle day-to-day operations. A lot of new equipment was purchased in 2016 & 2017 when the company was selected for the border wall in Texas; generally, CapEx is less than $150,000/year.

The owner is involved in daily operations as a manager and in an oversight capacity, and he is willing to stay on as president for 3-4 years. Excellent opportunity for any buyer, regardless of construction experience, as Seller will give you all the tools to succeed. Truly a turnkey business opportunity.

Property Information

Location:

Location: El Paso Texas & Southern California
Service Area: South & Southwest USA

Premises Details:

Building and Land: Location 1: 5k sq. ft. building with 46k sq. ft. yard; Location 2: 1 ac. yard only; Location 3: 1-acre yard only; Location 4: 26k sq. ft. yard with small building and containers

Business Operation

Reasons for selling:

Partnership dissolving (Brother retiring)

Employees:
57: 10 office employees (managers, project leads and administrative staff) and 47 field employees
Years established:
12 Years

Other Information

Support & training:

Will remain president for 2-3 years if desired

Financing available:

Deal Structure
• Seller Carry:12.5%
• Equity Roll: 12.5%
• 75% Cash Upfront

Furniture / Fixtures value:
$10,500,000 (USD) - included in the asking price
Inventory / Stock value:
$40,000 (USD) - included in the asking price
Related Documents:

Contact Information

  1. Optional
  2. Country

  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to The Firm. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here