Other Building and Construction
Specialized Concrete Forming Equipment Manufacturer
Listing ID: CONCRETE2
Entity Classification(M): Limited Liability Corporation
Annual Sales: $1,016,820
Seller Discretionary Earnings: $235,592
Included Inventory: $125,093
Excess Inventory: $30,000
Year Established: 1990
Days & Hours of Operation: M-F 8-5
Reason For Sale: True Retirement
Listing Status: Active
Description:This company designs and builds concrete-forming equipment. The company has four core models that can be customized to specific customer specifications and customized equipment to meet specific customer requirements. The business also accepts trade-ins and sells refurbished used machines.
Historical Summary:This company was established in the 1990's. The founder and owner had worked for a larger manufacturer of concrete equipment and felt the need for smaller alternatives. Originally the company sold concrete accessories and used equipment. In 1997, they began manufacturing machinery. Over the years additional models were introduced based on customer input. The company has received industry recognition for new products from Construction Equipment magazine and from Better Roads magazine. Today this company has machines working on six continents around the world. The current inventory is comprised of $40,000 of parts and $50,000 of work in process at landed cost. There is currently $30,000 of excess parts inventory that will be sold in addition to the purchase price at cost. This inventory was purchased to mitigate COVID related supply chain issues and will be reduced over time.
Competition:This business has only one competitor who competes in the machine size and price range.
Growth & Expansion Opportunities:Manufacture larger pieces of equipment. Buyer could add distributors to increase sales outside of primarily the SouthEast region and expand to foreign markets which have been significant historically.
Competitive Advantages:Half the price of the national competitors larger machines.
Facilities Type: Warehouse
Monthly Rent: $4,000
Building Square Feet: 7,300
Full-time Employees: 2
Part-Time Employees: 1
Support & Training
Owner Qualifications:Basic manufacturing and assembly of customizable products. For new product development, internal or external engineering services would be required.
Support & Training:80 hours included at no additional cost. Buyer may contract for additional services at fair market hourly rates.