Commercial Concrete Construction
This business specializes in the construction and pouring of concrete for mainly commercial clients in Nebraska and around the country. Clients are 95% commercial and call the business because of their reputation all around the state. Jobs include laying floors, foundations, driveways, and other large concrete areas all across Nebraska and into neighboring states. Clients include schools, churches, medical centers, and other construction companies. The average contract is over $300,000 with some as high as $2,000,000.
To sustain this operation there are 22 employees working in 2 crews. Of the 22, 1 is responsible for billing and works part-time. Among the other 21 there is 1 Estimator, 1 General Manager, 3 Foremen, 3 Concrete Pump Operators, and the rest are general laborers. The 21 field workers can combine to all work on the larger jobs and can also be split up into three crews if the jobs so require. One way to grow this business is to run additional crews and to bring on more crew members. The current owner has a relaxed position and is responsible for reviewing bids when necessary and periodically checks on larger jobs.
The building currently used by the company includes a 1,500 sq. ft. office and 2,400 sq. ft. shop and a 4,800 sq. ft. warehouse used to store equipment and vehicles. All 8,700 sq. ft. is rented at $3,500 per month.
After the first year of ownership a new buyer can expect a Net Operating Income (Profit) of $569,972.
Location: Central Nebraska
Service Area: Nebraska and Northern Kansas
Active Jobs: 11 Total; 8 with Contract Price Over $250,000
Growth Opportunities: Run Additional Crews with Current Employees
Current Owner’s Responsibilities: Review Bids (when necessary), Check Larger Job Sites, Project Management
Purchase Price: $5,500,000
12.5% Buyer Down Payment:$687,500
12.5% Seller Financing:$687,500
75% Bank Loan: $4,125,000
After all debt payments a buyer can expect a Net Operating Income (Profit) of $569,972.
Print, sign and send to:210 N 78th St. 2nd Floor
Omaha, NE 68114
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