Ready Mix, Aggregate, Concrete Products and General Contracting Business for sale

Ready Mix, Aggregate, Concrete Products and General Contracting Business for sale Listing ID: VANCOBC002-N281 Canada		Back to Results
Listing Details
Industry:	Construction
Title:	Ready Mix, Aggregate, Concrete Products and General Contracting Business for sale
Listed Price:	$10,400,000
Total Sales:	$4,800,000
Owner Cash Flow:	$1,050,000
Fixtures, Furniture & Equipment:	$3,300,000 (included in listed price)
Real Estate:	$4,900,000 (included in listed price)
Inventory:	$80,000 (included in listed price)
Reason for Sale:	Retirement
Business Description: This profitable multi-faceted ready mix, aggregate, concrete products and general contracting company. There is no local one-stop competition in the service area. The synergies created from manufacturing gravel and concrete products in-house gives the company an extraordinary competitive edge, and creates the ability to handle large projects from beginning to end. The company provides complete excavation services, road building,subdivision development, water and sewer mainline installation,sewer system design and installation, retaining wall construction,and building site preparation. The ideal purchaser for this business is a strategic or synergistic company that can capitalize on the synergies and market segment. Though all key management personnel are in place, a buyer would be required to replace current owner management.The price of the business excluding working capital but including all fixed assets and goodwill is $5,020,000 with an implied multiple of weighted EBITDA of 5.0 times. The seller is selling the operational balance sheet of the business which includes the normal required working capital of $480,000, which is included in the asking price of the business of $5,500,000. The price for the Properties and Gravel Reserves across 140 acres is $4,900,000 for a combined total Asking Price of $10,400,000. For more information, please contact the Pacific broker Neil Thomson at 250.870.9094 or send an email to neil@pacificmergers.ca   Operations: Year Established: 1990   Number of Employees: 24 FT     Location: Monthly Rent: $6,800   Real Estate Available YES