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| Rural Nevada Cement and Ready Mix Company | |
| Industry Description |
Concrete Manuf. |
SIC |
3273 |
| Days Open |
Year Established |
1965 |
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| Hours of Operation |
Monday - Saturday |
Years Owned |
~ 40 |
| Full-time Employees |
7 |
Part-time Employees |
0 |
| Other Notes |
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| Hours/wk by Owner |
40 |
Owners Duties |
Management; Ops. |
| Skills / Licenses ReqĠd |
Training Offered / Cost |
Owner will train |
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| Non-Compete Terms |
As desired |
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| Exec. Summary |
This is a well established company with near monopoly power and excess assets. |
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| Lease / Bldg. Info. |
Transfers in Sale |
Monthly Rent |
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| Lease Commenced |
Deposit |
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| Lease Expires |
Term & Option |
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| Bldg./Area Description |
1 Office; 1 Shop Bldg. |
Square Footage |
2,640 and 1,800 sq. ft. |
| Seats, Pkg, Zoning, etc. |
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| Reason for Sale |
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| Financial Summary |
Current Yr. Annual |
2003 / Owner to Prove |
2002 / Owner to Prove |
| Gross Revenue |
TBD |
$809,983 |
$1,050,907 |
| COGS |
$124,670 |
$198,710 |
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| Rent / CAM |
$45,274 |
$41,310 |
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| Payroll |
$194,225 |
$235,980 |
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| Net Profit (before tax) |
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| Discretionary Cash |
TBD |
$163,705 |
$144,950 |
| Expense Breakdown |
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| Included in Sale |
Assets |
Liabilities |
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| FF&E Included |
$600,000 - $900,000 |
Lease Obligations |
$0 |
| Inventory Included |
Debt Included |
$0 |
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| Other Assets Included |
$600,000+ |
Other Liabilities |
$0 |
| Working Capital (not incl) |
Return on Sale Price |
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| Asking Price |
$1,200,000 |
Owner Financing/Terms |
Owner will consider |
| Earnest Money Dep. |
$10,000 |
Down Payment |
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Opportunity Summary |
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Headline |
40 Year Old Cement Company with Tremendous Break-up Value! |
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Summary |
This Ready-Mix concrete, cement and trucking company is being offered for sale for a fraction of its value. This firm, which has been in existence since the 1960s, is located in rural Nevada. It is the primary aggregate provider in the area. The firm consistently generates approx. $1 million in revenues, with $160k in total discretionary income and room for expansion. A professional valuation of a fraction of the firm's assets placed this opportunity at $2.0 ml! Again, it is being offered at only $1.2 ml for a quick sale. |
| Facilities / Assets |
The sale includes 14 Acres of M1 Zoned Prime Downtown Real Estate, 300 Acres of land / gravel pits with 2.5+ ml. yards of aggregate (a 30+ yr life), 2 buildings valued at $160k, approx. $600k - $900k in 88 pieces of trucking/heavy equipment (4+ Tractors, 22+ Trailors (belly/end dump/bulk), 8+ Cement Mixers, 4 Plants (2 Batch, 2 Screen/Wash), 2 Crushers, 4 Loaders, 3 Dozers, a Backhoe, 1 Grader, 1 Compactor/Ripper, 1 self-loading Scraper, etc.!). |
| Competition |
Very low there is only 1 minor competitor in this small town. There work, however, is reported to be sub-par, according to seller management. |
| Growth Potential |
Multiple Opportunities for expansion and profitability enhancement (i.e. the firm only requires approx. 60% of its equipment, and 10% of its land to continue to operate 'as is'. Additionally, the easily relocatable offices and plants sit on 14 acres of prime downtown commercial real estate! - Not the land's highest and best use.) |
| Other |
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