100-Year-Old Specialty Concrete Ready Mix Producer for Sale!

Over 12 concrete plants that produce specialty mixes such as Rapid Set Concrete. 3000 psi in 1 hour for DOT highway and airport projects, fiber optic micro trench backfill, remote location concrete production such as islands, mountain tops, deserts, railroad emergency projects, oil refineries planned and unplanned shut downs, marine applications, cellular concrete, high density concrete and more. Based in So. Calif. we have worked in 12 states and 8 airports. 95%+ government projects with prevailing wages. Average over $8.1 million annually with $1,100,000 EBITDA. Sale Price $5,200,000. Location: Pasadena, California Year Established: 1921 Number of Employees: 28 Real Estate: Owned Facilities: Property in escrow. We have rented property in Fontana, CA. Website: www.Throop.com Market Outlook/ Competition: Business has large upside potential with upcoming infrastructure bill. There is no faster way to repair highways or airports than with Rapid Set Concrete. Local ready mix companies refer customers to us because they are not set up to produce all the special mixes we produce. We have a few competitors for one or two products. We are unaware of any competitors for the variety of mixes we are capable of doing. Equipment should be located near a freeway as the majority of work is done on freeways. We usually establish a staging yard near each project. Growth & Expansion: There are many opportunities for growth. Other state DOT's and airports could use our services. Need to contact Ready Mix suppliers that are unaware of our capabilities to educate them on what we do. New products come out that we can produce such as an all natural paving for golf cart paths using decomposed granite or crusher fines and a polymer as a binder. We have worked for the military for decades on islands and in the desert doing various types of concrete. More staff and equipment are needed to grow the company.