Prime Investment: Concrete Sealing Company with Steady Income

Price: $2,100,000

Location: Salt Lake City, UT

Listing ID: 290

Listing Status: Sold

Description

This well-established company specializes in providing premium concrete sealing, coating, and
polishing services for commercial and industrial clients. With a proven track record of delivering
high-quality results, the company has built a strong reputation in the industry.

Founded in 2016, the company has a deep understanding of the local market and has
developed strong relationships with commercial contractors throughout the region. Their focus
on customer satisfaction has led to a high rate of repeat business, with just one
salesperson/estimator on staff.

The company has experienced steady growth in recent years, with a significant revenue
increase of 71.64% between 2022 and 2023. This growth is attributed to the company's
commitment to quality workmanship, timely delivery, and competitive pricing.

LISTING DETAILS

Total Sales: $2,150,000 (2024 Forecast)

Cash Flow: $ 646,505 (2024 Forecast)

FFE: $5,000

FFE Included: Yes

Inventory: $50,000

Inventory Included: No

Operation

Year Established: 2016

Employees: 8 Staff + Owner

Location

Type of Location: Salt Lake City, UT

Summary

Reason For Sale:

Life Change

Competition:

While the company has a strong market position, competition in the concrete floor finishing
industry can be fierce. Pros include established relationships, a proven track record, and a loyal
customer base. However, cons may include price sensitivity among customers, potential
competition from larger, more established firms, and the need to constantly adapt to industry
trends and technological advancements.

Potential Growth:

The company's strong reputation, high repeat business rate, and current growth suggest
significant expansion potential. The large project in the pipeline offers a major revenue
opportunity. The company's focus on quality and customer satisfaction can differentiate it in the
market. Expanding may require additional resources. Competition in the concrete floor finishing
industry can be intense. Rapid growth can create challenges in managing resources, ensuring
quality control, and maintaining a positive company culture.