Issue link: http://deals.uberflip.com/i/1312534
Customers and Markets The Company carries a wide variety of concrete construction supplies that include everything from poured walls to decorative concrete. The Company also supplies rebar and can do custom fabricating to meet specific needs. Job site delivery is also available for a client's convenience. Management Willing to Remain Through Transition: The active shareholder is willing to remain with the Company during a transition period to ensure a seamless transfer of ownership. Diversified Customer Base: No single customer accounted for more than 12% of revenue during last three years. Superior Name and Reputation: The Company enjoys a long-standing reputation for offering reliable supplies and providing superior customer support. Strong Client Relationships: The Company maintains strong customer ties, built on its reputation for effective work and thorough service. The Company enjoys annual repeat business from 85% of it's 200+ customers and substantial accounts that go back as far as 19 years. Proprietary Expertise: In addition to the principal's extensive experience in the construction supplies industry, many of the Company's key employees have long histories in the industry. This wealth of experience and expertise provides the Company with a significant intangible value and advantage over many competitors. Rising Gross Profit Trend: Gross profit during the historical period increased from 24.1% of sales in 2014 to 32.2% of sales by the end of 2016. The Company was able to efficiently control its cost of sales after high growth to maximize gross profit. Increase in Earnings: The Company experienced strong growth in EBIT, from 3.1% of sales in 2014 to 6.8% of sales in 2016, representing an annual average growth rate of 31.5%. Increasing Inventory Turnover: The inventory turnover rate increased throughout the historical period from 11.4 in 2014 to 24.3 by 2017. This increase shows that the Company is properly managing inventory and converting it into sales. Outstanding Growth Opportunities: With only two full time sales people the Company has capacity for organic growth with additional resources. Additional strategies include adding building materials and plumbing supplies. These new lines would expand the customer base and reduce what little reliance there is on current top customers. Chris Barnard, Senior M&A Advisor (563) 424-5707 cbarnard@generational.com Client #61896 Generational.com DealForce.com DISCLAIMER: All information contained in this document has been provided by the subject company to Generational Equity and while believed to be correct has not been verified. Accordingly, Generational Equity makes no representations or warranties as to accuracy and truthfulness of such information. The recipient hereof acknowledges that Generational Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Generational Equity of this document. At all times Generational Equity and its affiliate network members is an agent for the seller and not for the buyer. Generational Equity's fees are paid by the seller. Click here to sign NDA. Concrete Contractor Supplier - Iowa Est. 2017 Sales $3,900,000 | EBITDA $278,000 18k sf warehouse office owned by Seller