Listing Details:

• Business Category:     Construction
• Price:                             $2,490,000
• Gross Revenue:           $6,945,567
• SDE:                              $706,580
  
• Seller Financing:          $249,000
• Reason for Selling:      Retirement  
• Location:                       MSP Metro
• Employees:                   30
• FF&E:                             $1,696,739
• Support & training:       6 weeks   
• Non Compete:               200 Miles for 2 Years
• Years Owned:                26
  
  
  

Business Description

This well-established concrete cutting business serves a broad commercial customer base throughout Minnesota. The company offers a full range of specialty concrete services for commercial, industrial, and select residential clients. Customers include general contractors, mechanical contractors, and demolition companies. Competitive wages and a strong benefits package help the company attract and retain skilled field technicians in a tight labor market.

Business History

The owner founded the company after years of hands-on experience in the industry, including estimating, sales, and operations for another contractor. He built the business into a well-regarded operation with a sizable team, a deep equipment fleet, and strong relationships across the commercial construction community.

Competitive Analysis

The company competes with a handful of firms in the market, including a few of comparable size and several smaller operators. What sets this business apart is its equipment depth, ability to staff larger projects, and responsiveness to customer needs. A strong benefits package gives the company a recruiting edge over competitors. Smaller firms may do quality work but typically lack the manpower and equipment to take on bigger or more complex jobs.

Growth Potential

The current owner says increased bidding volume alone would move the needle, since existing overhead is already absorbed and additional revenue drops more directly to the bottom line. The company has relied on relationships rather than proactive sales, leaving room for a buyer willing to get after it. Other opportunities include stronger digital marketing, expanded geographic reach, networking with new GCs, and tighter project management.

Facilities

The business operates from a well-equipped shop facility with bay doors and adjacent yard space, providing plenty of room for equipment staging, maintenance, and storage. The building is owned by the seller and leased to the business on flexible terms. The seller is open to a long-term lease or including the real estate in a deal.