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Established Concrete and Masonry Contractor. Growth Opportunities !

Haymarket, VA
listing image
Asking Price:$932,000
Gross Revenue:$818,119
FF&E:$235,000
Cash Flow:$374,926
Inventory:$3,000
Established Year:1998
Listing ID: 2027113Listing provided by BizBuySell
BUSINESS DESCRIPTION

This 26-year-old concrete and masonry contractor has been providing quality concrete, brick, block and stone masonry work to residential and commercial customers in Northern Virginia. Whether replacing old or damaged work, or creating something new, the business has the skills, craftsmanship, and professional follow through to make the project come out great. And it stands behind the longevity of its work with a warranty.

Top-rated in the Angie's List and BBB Accredited, the business has a higher level of trustworthiness. It helps a client plan, design, and execute any type of concrete, brick, block or stone masonry project. The business is the expert in building concrete driveways, stone patios, brick steps and walkways, exposed aggregate porches, garage floors, stone walls and more. The business maintains excellent relationships with suppliers, vendors, and masons that there is enough work to keep 2-5 crews busy throughout the year.

The owner works 20-25 hours a week. The current contract revenues are approximately divided between residential customers (90%) and commercial customers (10%). During 2023-2024 the owner has been taking extended time off to attend personal matters. This is a great opportunity to acquire a well established business at a great price.

Previous Three Years
2023: $360,008 Construction Income/Revenue with $220,137 Net Cash Flow
2022: $853,916 Construction Income/ Revenue with $444,307 Net Cash Flow
2021: $1,240,433 Construction Income/Revenue with $657,828 Net Cash Flow

DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Owned
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates out of a space of 3,456 SF from a building of 2,560 SF (40’ x 60’ wide) with an 896 SF (14’ x 60’) mezzanine with three (3) roll-up doors. The building, listed separately, is owned by owner, who pays for all the maintenance and extraordinary expenses of the property. Estimated annual capital expenditures of $25,000 are needed for maintaining company operation; all current infrastructure is in place. A total of $235,000 FF&E is included in the sale.
Competition
The current contract revenues are approximately divided between residential customers (90%) and commercial customers (10%). The business stands by its products. With its name and reputation and 26+ years serving Northern Virginia along with its quality of work and warranty, it has set itself apart from the competition in the marketplace.
Growth & Expansion
The business’ potential opportunities are real by developing a marketing strategy that involves repeat customer satisfaction, and that explores new opportunities in other untapped sectors, such as highly specific general contractors and design/build firms who are looking for concrete and masonry subcontractors. There is room for high ticket projects like walkways, driveways, patios, chimneys and other custom work. There is an opportunity to hire additional staff and offer additional products and services.
Support & Training
The owner and tenured employees are very knowledgeable in the business and will provide training and transition to ensure the new buyer has all the tools to be successful.
Reason for Selling
After 26 years of success in the business, the owner is ready to retire.
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Roy Liu
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