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Deal Alert: Northern Nevada Concrete Contractor

šŸ“ Location: Northern Nevada
šŸ’° Asking Price: $1.5M (including land)
šŸ“Š Revenue: $1.75M (2023)
šŸ’¼ Net Profit: $520K (2023)

šŸŒŸ Why This Business is Great:

  • Established Market Presence:
    With nearly three decades of operation since 1996, this concrete contractor has built a rock-solid reputation in Northern Nevada. Known for delivering high-quality commercial (70%) and residential (30%) concrete services, they have become a trusted name in their market. Their long-standing client relationships and repeat business are testaments to their reliability and expertise.

  • Diverse Revenue Streams:
    The businessā€™s service mix is balanced between commercial and residential projects, providing a steady income stream. Their offeringsā€”ranging from decks and patios to decorative concreteā€”allow them to cater to a broad range of customer needs, ensuring revenue stability even during market fluctuations.

  • Strong Operational Foundation:
    The company operates with a team of 12-15 skilled employees who are well-trained and experienced. With over $500K in equipment and vehicles included in the sale, the business is well-equipped to handle projects of various sizes. Additionally, an optional storage yard purchase enhances operational efficiency and provides added value.

Additional Perks:

  • Turn-Key Operation:
    This business comes with all necessary assets and equipment for a smooth operational transition. The current owner is retiring but is open to seller financing for the right buyer, making the transition process even more attractive. The opportunity to purchase the land alongside the business adds another layer of security and investment potential.

  • Stable and Growing Market:
    Located in a region experiencing growth in both commercial and residential construction, this business is strategically positioned to benefit from the rising demand. The established client base provides a stable revenue stream, and the ongoing market expansion offers significant upside potential.

šŸ” My Analysis: This Northern Nevada concrete contractor represents a compelling acquisition opportunity. Its strong financial performance, combined with a solid reputation and diverse service offerings, makes it an attractive investment. The included assets and optional land purchase further enhance its value. With room for operational improvements and growth, this business is well-suited for both seasoned investors and existing contractors looking to expand their footprint. The ownerā€™s willingness to offer seller financing adds a layer of flexibility that could make this deal even more appealing. Overall, this is a well-rounded opportunity with a proven track record, strong market position, and significant upside potential.

šŸƒā€ā™‚ļøTake Action: If you want access to this deal and others like it, book a call with us. We'll show you how to get the contact detail, show you how to analyze this deal or others you want, and discuss our paid programs so we could help you find, finance, and acquire a business.

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Together with 10 East

Where Sophisticated Investors Access Private Markets

10 East, led by Michael Leffell, allows qualified individuals to invest alongside private market veterans in vetted deals across private credit, real estate, niche venture/private equity, and other one-off investments that arenā€™t typically available through traditional channels.ā€Æ 

 Benefits of 10 East membership include:ā€Æā€Æ 

- Flexibility ā€“ members have full discretion over whether to invest on an offering-by-offering basis.ā€Æ 

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 - Institutional resources ā€“ a dedicated investment team that sources, monitors, and diligences each offering.  

 10 East is where founders, executives, and portfolio managers from industry-leading firms diversify their personal portfolios. 

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Tien closed a $250k net profit business in Singapore [link]

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This acquisition could mark a pivotal shift for GSE. As a private company under Pelican, GSE will likely gain the flexibility and resources needed to invest in growth initiatives and advanced technologies. Pelican's operational expertise and commitment to expanding nuclear energy services offer promising prospects for the continued support of GSEā€™s customers and employees, as well as the broader nuclear sector.

My Take on the Situation

This acquisition represents a savvy move by Pelican Energy Partners. By taking GSE private, they can streamline operations and focus on long-term growth without the pressures of public market scrutiny. This could be the boost GSE needs to thrive in an evolving and increasingly competitive clean energy landscape.

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-Moran Pober

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