Description of the business for sale
This twenty-five-year-old company generated over $2.5 million of cash benefit for the owner from $7.9M in sales in 2007 and is in the process of explosive growth. As a well-established independent supplier of engineered concrete forming and shoring systems (servicing the commercial and industrial construction markets) they have become a respected distributor of concrete forming systems to contractors in 10 different states. With their national and international alliances, they offer extremely competitive prices on a broad variety of labor-saving forming products. By expanding their owned equipment inventory for rental in 2007, they are projected to yield $2.5M in owner benefit from $7.9M in sales (30% of revenue). With a stable team they offer some of the best service in the industry. Renting formwork equipment at competitive prices from a broad, on-hand inventory has allowed them to provide product when their competitors are still waiting to acquire equipment. Unlike most national companies that handle just their own brand name, this distributor has trained hard to learn the best uses and applications of ALL forming and shoring systems. As a result, the business is an authorized distributor for the best-known international formwork brands. In addition to representing this vast line of well-known form equipment they have over $10,000,000 of scrupulously maintained rental equipment stock available from their equipment yard. They also provide engineering form design that caters
Support / Training provided by seller
After the sale, the Seller will provide up to six months of transition consulting for a modest rate, and is negotiable on extending that time if needed. It is estimated that an individual with little or no direct knowledge of this business would take 2-3 years to functionally learn this business.
Description of the facilities
1 Single story 8,000 sq.ft. metal warehouse fabrication 1 Single story 10,000 sq.ft. metal warehouse/fab./office 3 Acres corner paved lot