32-Year-Old Premier Cutting And Coring Contractor-$932k Ebitda!!!

Ocean County, NJ
Saw
Cash Flow:$932,000
EBITDA:$932,000
Gross Revenue:$2,930,000
Established Year:1991
BUSINESS DESCRIPTION

Essential Business That Has Grown Year Over Year!

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BUSINESS HIGHLIGHTS

Since 1991, this Company has become a trusted provider of concrete cutting and coring services for the commercial construction industry. The Companies core competencies are core drilling, patching, cutting and breaking, and general excavation services for all of the client’s specialty concrete modification needs. The Company has built a reputation for always delivering above and beyond results for their specific client’s needs. The Company has never failed to complete a project on time and on budget. As past performance is the single most important factor in the cutting and coring process, this track record has facilitated the firm’s ability to secure new work primarily through retail malls/ strip centers, warehouses, schools, and general industrial sites.

This Company has outperformed most businesses in the same sector because of their willingness to approach problems with innovative solutions, professional support services, and a full suite of cutting and coring services. These diverse offerings allow the Company to service any concrete modification needs from A to Z for the general and specialty contractors sector. This has been thoroughly demonstrated with their ability to win contracts and open new opportunities based on their product offering through 490 active accounts and a 98% repeat business rate.

The Company is run by an experienced, knowledgeable, and highly qualified team who stay up to date with the state-of-the-art technology solutions to always find and build the best solutions for their clients. The Company’s dynamic team has been a huge driver in the success and growth through a superior reputation for their extensive knowledge and ability to create the highest-level construction plans and solutions. This team effort has led to organic demand for their services throughout the commercial construction industry.

INVESTMENT APPEAL

Superior Name and Reputation-- The Company has 32+ years of a superior reputation backed by quality service, brand recognition, and loyal customers. This success is due to trained and highly skilled professionals who have extensive experience within the construction, cutting, and coring industry.

Outstanding Growth Opportunities-- Several opportunities exist for the Company to experience rapid growth in revenue and profit by increasing its market share in the cutting and coring space both with new contracts and expanding their service line to include plumbing and electrical work.

Recurring Revenue-- The Company’s revenue is primarily derived by reoccurring construction clients with 490 active accounts and is poised to be a huge service add on to any construction/mechanical, plumbing, and electrical company. No single customer accounts for more than 8% of the annual revenue. This Company has a 98% recompete rate on all its clients.

Management Will Remain Through Transition-- The Owners are willing to stay with the Company post-transaction in order to ensure a seamless transfer of ownership.

Facilities and Equipment-- The Company owns a 2,100 sq. ft. office and 900 sq. ft. storage yard that will be sold with the business. This facility is large enough for rapid expansion in the near-term.


DETAILED INFORMATION
Location
Ocean County, NJ
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
2,100
Employees
12
Facilities
The Company owns a 2,100 sq. ft. office and 900 sq. ft. storage yard that will be sold with the business. This facility is large enough for rapid expansion in the near-term.
Support & Training
The Owners are willing to stay with the Company post-transaction in order to ensure a seamless transfer of ownership.
Reason for Selling
Retirement
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Mark
Shortz
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Mark Shortz