Profitable Concrete Services Company

This profitable and quickly growing company specializes in commercial concrete
work. Its spectacular growth rate is a result of its high standards and reliable
project execution, engaged by its experienced crew. The demand for this
company’s services is so great, it has become a go-to subcontractor in one of
the country’s most active construction markets. This enables the company to be
selective in its bidding strategy and to garner high-margin, well-aligned
projects. Business is generated solely by word of mouth, and requests for its
services come from municipalities and previous clients, as well as general
contractors and site developers.
This is a rare chance to acquire a well-run, growing flatwork contractor with a
strong foundation, clean financials, and scalable operations. It is ideal for a
strategic buyer or an individual operator seeking immediate cash flow and a
reputable market presence. In addition, it presents a fantastic opportunity for
a new, ambitious owner to grow the business even more by initiating sales and
marketing strategies.

John Yacalis 813-733-6932

Successful Parts Distributer Opportunity

For nearly 40 years, this successful company has provided manufacturers with
important products to run their operations. Not only through the distribution of
thousands of spare parts but also value added work for their clients. After
years of supplying these critical parts, the owner is now ready to retire and
spend more time with his family.

A major component to the company’s success over the years is in creating and
maintaining long-term relationships with their customers. In a space where time
is money and downtime is the loss of it, this organization has a proven track
record of delivering quality products with a priority on precision, reliability
and excellent customer service. By keeping customer production lines running at
peak efficiency this organization has built a loyal customer base and excellent
reputation.

The operation runs smoothly from a late model building located in North Central
Michigan (included in the offering). The owner is assisted by four dedicated
employees covering the ins and outs of daily activities.

The business has an outstanding website that gives customers insight into the
company’s capabilities, and a recent upgrade has expanded ecommerce services
with the benefits already being experienced.

The business has several outstanding attributes that make it a great
opportunity:

• Averaged over $ 4,500,000 in annual revenue the past four years

• SDE (Seller Discretionary Earnings) exceeding $ 600,000 annually during this
same period

• Excellent customer mix with the largest comprising less than 13% of annual
sales

This outstanding opportunity is being offered at $2,190,000 with an attractive
2.75 multiple of SDE (SDE = seller’s discretionary income – the historical,
normalized cash flow available to pay the owners and service debt). The price
also includes real estate and inventory.

A typical deal for the purchase of this exceptional opportunity would be: 10%
down payment ($219,000), 10 % seller note ($219,000) and an SBA loan of
$1,752,000. The proposed deal reflects an impressive 3.0x average annual debt
coverage ratio along with an outstanding annual post debt service cashflow of
$400,000 for the buyer. The seller envisions an asset sale in which he retains
cash and A/R while retiring all liabilities

Steve Huntley 616-980-4934