Seller's Contact Information
- RE: Active Masonry And Concrete Contractor
- Contact: Brad Carpenter
Quick Facts
Asking Price: | $4,850,000 | |
Annual Revenue: | $5,992,717 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $1,270,546 | |
Total Debt: | Not Disclosed | |
FF&E: | 448,861 | |
Real Estate: | Not Disclosed | |
Year Established: | 1993 | |
Employees: | 24 | |
BBN Listing #: | 140145422 | |
Broker Reference #: | 409-02276 |
Business Overview:
Active Central Florida concrete and masonry contractor serving the needs of general contractors and area homebuilders for 30 years. Enjoys excellent reputation and long-term relationships. Has experienced in-house crews led by supervisors, estimator, administrative staff along with several 1099 subs fully dedicated to support the Company's operation. Financial results are 2022 tax return based.
Business is experiencing strong demand with 80% of work supporting commercial construction. Remaining efforts are tied to regional and custom homebuilders with individual homeowner demand for slabs, etc. addressed on a case-by-case basis. This represents an additional expansion market for a Buyer.
Concrete/Masonry revenue mix averages 50%. Current WIP is $3MM as 4/23 with an additional $1.2MM worth of contracts awarded along with bids outstanding on an additional $8MM of contracts. Company's only advertising is 'Word of mouth' given reputation. Sales/Earnings, as such, are targeted to be 10%-15% higher for YE2023.
Extended services include: Foundations and Footers, Poured-in-place walls, Masonry and Retaining walls, Stem wall, Monolithic and Post tension slabs, Walkways, Driveways and Parking lots. Company does no Tilt wall construction that is another optional revenue driver.
Offering includes $75K of valued inventory along with an extensive list of well-maintained equipment including 12 service trucks, trailers, new 2' concrete pump, 5 Bobcats and various office equipment/leasehold improvements. Founding owner prefers to lease property with long term option to purchase consisting of 2 warehouse/office metal buildings (7,600 SF) that includes custom offices on over 1-acre providing adequate storage capabilities.
*** Full CIM requires Buyer profile and financial qualification. Lender prequalification has been underwritten.
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Property Features and Assets:
RE includes a 1,600 Square Feet (1997) service shop along with a 6,000 warehouse/office metal insulated building (2008). A vast array of vehicles, trailers and equipment is included in this offering along with at least $75,000 of valued inventory.
Market Competition and Expansion:
The ongoing and long-term growth prospects of Central Florida should allow substantial scalability opportunities for an engaged Buyer. Company is considered one of the more formable concrete and masonry subs in the region and enjoys a number of long-term relationships. Significant prospects. Currently, the Company does little to no advertising as it relies on its reputation and 'word of mouth' opportunities for additional work. Tilt wall construction and possible pumping segments are viable expansion options along with expanded regional target coverage.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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