Business Summary:
This light manufacturing firm, which caters to the concrete (general construction) market, is an ideal opportunity for an established firm already catering to the construction industry to acquire a complementary ‘add-on’ revenue stream, or for the savvy entrepreneurial marketer to acquire this firm, and aggressively market its simply product worldwide from any location (even the owners home)! In this firm’s brief history (established in 2004), the company has already established nationwide name recognition and has achieved $560,000 plus in gross revenues via the sale of this $10.00 product to contractors and testing labs (though the average ticket sale is approx. $750.00 due to the firm’s volume / multi-unit sale focus). This product’s usage is oftentimes dictated by public sector job requirements that call for compliance with ASTM standards, by a project’s architect, testing labs, diligent contractors or private individuals. Approximately 35% of its sales are considered local California based sales, with roughly 80% of orders being derived on a call-in basis resulting from passive marketing (the balance from outbound calls).
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| Year
Business was Established: 2004 |
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| Number of Employees:
2 PT |
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| Facilities / Terms of Lease:
The small Orange County based manufacturing facility operates out of an easily relocatable facility that only requires approximately 900 square feet of dedicated space (depending on the proprietor’s manufacturing method and inventory management preferences). The business should be able to be easily relocated anywhere in the world (and can even be a home-based enterprise) and will need to be moved upon sale. |
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| Potential
Growth/Expansion:
To date this product has only really been marketed to large contractors and testing labs, as the 4 person organization recognized that these target segments present the biggest ‘bang for the buck’. New owners may seek to expand marketing to include construction product wholesalers, retailers (e.g. Home Depot, Lowe’s, etc.), or private individuals. While this product would likely achieve international success, current management has never targeted the global marketplace or engaged in web based sales, or appointed any national or international resellers working on their behalf. They have, however, explored offshore production and discovered the potential for a 30% cost savings, which would have equated to an estimated $40,000 cost savings in 2008! |
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| Competition:
There are only 2 known competitors, all of whom are roughly the same size, with this firm holding the second position in terms of product sales volume. |
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| Owner
willing to finance:
Not Offered |
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| Owner
willing to train:
3 wks at 20 hrs/wk |
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| Reason for selling:
Sellers seek to focus on their 2nd firm that is experiencing tremendous growth. |
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Seller Reference Number: ConcreteT
BusinessMart.com Listing Number: 62017 |
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