Status: Sold
Civil Construction Business with Real Estate and 7MM in blacklog - Listing #: 48197

Listing No: BBF-966-05117 *May Qualify For Visa*  *Equipment List Available*
   
Category :  Construction SIC :  1622  
Detail :  Bridge Construction Price :  4,500,000  
County :  Lee Down :  4,500,000  
State/Prov :  Florida Disc Earn :  4,457,068  
Country :  USA Sales :  10,953,320  

****Business Asserts offered at $4,500,000.00 and property at $2,500,000.00***

The company is a civil construction firm located in and serving SWFL (Collier, Lee, Charlotte, Henry, and Desoto counties). The company specializes in building bridges, road widenings, drainage improvements and other large structures. Majority of the projects for the company are government-related improvement projects, the primary customers being the Florida Department of Transportation (FDOT) and local governments (Counties and Cities).

The company has set a high bar for meeting their deadlines on time and keeping tight schedules. They have received commendations for their work over the years and have been able to maintain that level of excellence.

Projects are obtained through a bidding process from the State of Florida. The current owner reviews and places bids on projects that interests the company and has a good profit margin at the bidding price. The bids are then reviewed, and one is accepted to complete the project.

The company has values that set the company apart from other construction companies. The current operator, is an expert in civil and transportation construction projects. He has led the company since its founding in 2015. Under his leadership the company and its employees have grown and will continue to grow.

The company is FDOT prequalified contractor up to intermediate bridges and acquires new business through the bidding process with local and state agencies. The bids are chosen based on the price of the bid and the time in which the project can be completed. The company has an advantage over the competition with the record of timely completions of projects from the state and localities. The competition has begun to shrink as well with businesses shutting their doors due to lack of workers and winning bids.

The company continues to build an excellent reputation with the State and localities that make the future very bright for growth. Each year the company has grown its ability to take on more and more projects. The State has given the company the ability to go from $500,000.00 worth of projects to over $42MM of projects in a year. The companies’ bond has also increased over the years to $10MM. Currently the company has $3.0MM backlog. 


Reason for Sale :  FAMILY
General Location :  SWFL
Organization Type :  Corp 'Sub S'     Hours Owner Works: 50
  :  Years Established : 8  Years Owned:  8  Emp FT:  40  Emp PT:  0  Mgrs:  4
Non Compete :  Miles:  150  Years:  3  Weeks Training:  12  Cost:  0.00
Operating dys/hrs :  M-F 9-5p
Skills/Licenses :  General Contractors, FDOT pre qualification
Business :  Is Relocatable: Y    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    May Qualify For Visa: Y

Data Source Trailing 12 Mos      
Year (Cash Flow) 2023 (N) (N) (N)    
Gross Revenue 10,953,320 0 0  
Cost of Goods 6,037,681 0 0  
Gross Profit 4,915,639 0 0  
Expenses 909,446 0 0  
Net 4,006,193 0 0  
Owner Salary 0 0 0  
Benefits 166,411 0 0  
Interest Expense 34,068 0 0  
Depreciation 250,396 0 0  
Other 0 0 0  
Discretionary Earnings 4,457,068 0 0  

Accounts Rec 0 N* Real Estate 2,500,000 A*
Inventory 50,000 Y* ___________ 0 N*
F F & E 1,500,000 Y* Total Assets 1,550,000 Y*
Leasehold 0 N*   *Included?  

Lease/Month: Square Footage: Building Type:
Terms & Options:   Expiration Date:

Loan/Assumable - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  
Loan/Seller - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  
Loan/Other - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  

GREGORY T. BELL Office :   (239) 849-9334  
ASSOCIATE Agent Direct :   (913) 226-7735  
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Fax :    
2640 GOLDEN GATE PARKWAY, SUITE 204 Cell :   (913) 226-7735  
NAPLES, FLORIDA 34105 Email :   gbell@sunbeltnetwork.com  
USA Home Page :   sunbeltofflorida.com