Annual Revenue: $3,961,000
Net Cash Flow: $565,000
Location: Hartford County, CT
First time offered for sale due to owner retirement – this company specializes in commercial structural cast-in-place concrete work, slabs, sidewalks and curbs, and concrete floor polishing. Work performed consists of Foundations, Laser Screened Floors, Raised/Elevated Parking Decks, Floor Grinding and Polishing, Architectural Concrete, Repairs and Renovations. Each project starts with preconstruction services to ensure that work is performed within compliance with Town, State and National requirements and to ensure that the projects are completed within budget and required code compliance. The company maintains all Certification requirements for Osha 10, Hazwoper 24, Grinding & Polish, LULL Operator. The company is bonded and ACI Governed. The company executes work from single family homes, to big box stores, hotels, Municipal work and airports in the New England Market. Equipment included in the sales price is estimated at fair market value of $500,000. Current staff consists of the owner, 1 office manager, 1 estimator and 12 full-time employees.
Training & Support:
30 days included in the sale; additional year of transition to be negotiated.
Owner Occupied Property – 10,000 sq ft warehouse; 1,500 sq ft office, storage yard. Owner will structure favorable long term lease.
Current ownership believes that this company can easily accommodate additional work with an aggressive estimator, additional project managers, and accepting additional work. Most of the work presently is primarily executed in Connecticut.