RECENTLY SOLD – $2.9M -Sand and Gravel Production Business For Sale -N3067
Starmont Advisors of New Orleans presents this sand and gravel production business for sale. Business extracts sand and gravel from production pits, processes it and delivers to end users. This 7 year old company is well established with a strong diverse customer base. Equipment used by the company was recently appraised for a little under $2 million. Company has shown consistent growth in the both sales and free cash flow. Company is located in a pleasant, fast growing, affluent suburban city just a short drive to a major metropolitan city with all the amenities. The area’s public schools are superior. There is lots of affordable housing. Many with large or acreage lots. The residents are warm and welcoming. The city is very safe and the air is clean. Outdoor recreation opportunities abound.
With the massive industrial construction occurring in south Louisiana along with the massive reconstruction of New Orleans, LA after the effects of Hurricane Katrina, also with massive reconstruction happening in the Baton Rouge/ Hammond, La markets as a result of the 2016 1,000 year flooding, the future for the company is very bright. Barriers for new entries into this type of business are very high due to the high cost of necessary equipment, permitting and much more.
The company is being sold, because the two founding partners have decided to part ways. Company is priced to sell. Typical companies of this type tend to sell for 1 times annual sales or 5 times EBITDA. Sellers are highly motivated to sell. Come see this special and highly profitable business for sale, make offer!
Annual Receipts: $3,719,716
Cash Flow: $1,459,675
Furniture, Fixtures, & Equipment: $1,900,000
Reason for Sale: Other Business Interests
Contact: Joel duran
Starmont Advisors of New Orleans