SOLD: The business has performed foundation repair (slab and pier & beam), drainage systems and concrete construction work for over 20 years. Great reputation and most work from referrals and repeat business from construction engineers/contractors & previous customers. No advertising is done at all. Seller will transition/ support & completely train the buyer. Unlimited growth potential if new owner does active marketing & advertising. Over $70k in outstanding estimates & backlog.
| Listing No: MBFS-600105163 | |
| | |
| Category | : | Construction | SIC | : | 1771 | |
| Detail | : | Contractor Concrete | Price | : | 130,000 | |
| County | : | Collin | Down | : | 70,000 | |
| State/Prov | : | Texas | Adj Net | : | 85,143 | |
| Country | : | USA | Sales | : | 210,565 | |
| Reason for Sale | : | Retirement & Relocation |
| General Location | : | Collin County, TX |
| Organization Type | : | Corp 'C' Hours Owner Works: 0 |
| | : | Years Established: 20 Years Owned: 20 Emp FT: 0 Emp PT: 2 Mgrs: 0 |
| Non Compete | : | Miles: 50 Years: 5 Weeks Training: 4 Cost: 0 |
| Operating dys/hrs | : | Mon-Fri 8:00-5:00 with some Sat work |
| Skills/Licenses | : | General construction skills |
| Business is | : | Relocatable: Y Home Based: Y Franchise: N Lender P/Q: N |
A Dozen Due Diligence issues with Masonry and Concrete Contractors for Sale in Texas
In addition to financial matters, a buyer interested in a concrete or masonry contractor for sale in Texas should consider discussing many of the following issues with the shop owner or their business broker:
How is the new construction market at this time?
Masonry and concrete contractors are often very dependent on new construction.
How is the company capitalizing on new methods or trends?
New formulations are expanding the use of concrete in modern architecture.
Is there any customer concentration?
While repeat customers are vital, having any single customer amount to more than 20% of sales is a weakness.
Have problems in sub-prime lending effected the company?
Many concrete and masonry contractors are facing difficulties.
Does the company do other work?
Smaller contractors take on additional projects such as paving, snow plowing, or excavation.
Where does the company get raw materials?
Many contractors are vertically integrated. Is the competition?
What is the split between residential and commercial work?
Residential work is often dominate.
Has the contractor ever been involved in a construction lawsuit?
What quality control measures guard against defects?.
Has the company invested in new equipment or technology?
What about the competition?
How does the company find skilled labor?
Seasonality often creates cyclical labor requirements.
What is the track record for project estimations?
Accurate estimates and good project management are the keys to profitability.
What is the owner's part in daily operations?
Many concrete and masonry contractors have a staff that manages daily operations for the owner.
Resources for Masonry and Contractors for sale
Mason Contractors of America
American Society of Concrete Contractors
How to Conduct Market Research (SBA)
Frequent Questions about Texas Sales Tax
Confidentiality Policy
As business brokers, we protect the identities of the businesses, the business owners and prospective buyers until we receive completed, signed Confidentiality Agreements and personal or corporate financial statements providing proof of the buyer’s financial competence to meet the down payment. We understand that the sale and purchase of businesses must be held in the strictest confidence to give the involved principals the opportunity to advise employees, customers and others of the transfer when they feel the time is appropriate
For additional information contact Bob Fariss
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