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Deal Alert: Northern Nevada Concrete Contractor
š Location: Northern Nevada
š° Asking Price: $1.5M (including land)
š Revenue: $1.75M (2023)
š¼ Net Profit: $520K (2023)
š 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 businessās service mix is balanced between commercial and residential projects, providing a steady income stream. Their offeringsāranging from decks and patios to decorative concreteāallow 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.
š 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 ownerās 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.
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Recent Case Study
Tien closed a $250k net profit business in Singapore [link]
Recent Acquisition Stories:
GSE Solutions Joins Forces with Pelican Energy Partners
In a strategic move, GSE Solutions (Nasdaq: GVP), a key player in the clean energy and nuclear power industry, has agreed to be acquired by Pelican Energy Partners in an all-cash transaction. Pelican will purchase all outstanding shares of GSE for $4.10 per share, marking a significant 50% premium over GSE's recent stock price. The deal, which has been unanimously approved by GSEās board, underscores the challenges faced by the company in maintaining its competitive edge amidst rapid industry changes.
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 GSEās 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.
Scale or Sell
If you're a business owner looking to scale your company to 8 or 9 figures, we can help. Our 70+ pillars alongside our āScale or Sellā system provides a clear roadmap to improve your operations and profitability while preparing for future rollups & acquisitions. Book a call with us to get personalized guidance, access our proprietary growth tools, and learn how to build a valuable, sellable enterprise.
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See you next time!
-Moran Pober
Founder of Rollups.com & Acquisitions.com
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