Active
Civil Construction in area with growing infrastructure
| Category | : | Construction | SIC | : | 1622 | |
| Detail | : | Bridge Construction | Price | : | 4,500,000 | |
| County | : | Lee | Down | : | 4,500,000 | |
| State/Prov | : | Florida | Disc Earn | : | 894,131 | |
| Country | : | USA | Sales | : | 3,372,624 |
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****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 $35MM of projects in a year. The companies’ bond has also increased over the years to $10MM. Currently the comopany has $4.1MM in projects on the books for 2022 and the future looks even busier.
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| Reason for Sale | : | pursue other interests |
| General Location | : | SWFL |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
| : | Years Established : 7 Years Owned: 7 Emp FT: 20 Emp PT: 0 Mgrs: 4 | |
| Non Compete | : | Miles: 200 Years: 3 Weeks Training: 12 Cost: 0.00 |
| Operating dys/hrs | : | M-F 9-5p |
| Skills/Licenses | : | General Contractors, State Approval |
| Business | : | Is Relocatable: Y Is Home Based: N Is a Franchise: N Is Lender P/Q: N May Qualify For Visa: Y |
| Data Source | P/L Statement | Tax Return | Tax Return | ||
| Year (Cash Flow) | 2021 (N) | 2020 (N) | 2019 (N) | ||
| Gross Revenue | 3,372,624 | 3,313,480 | 3,452,689 | ||
| Cost of Goods | 2,994,915 | 3,132,730 | 2,933,244 | ||
| Gross Profit | 377,709 | 180,750 | 519,445 | ||
| Expenses | 304,447 | 160,999 | 322,164 | ||
| Net | 73,262 | 19,751 | 197,281 | ||
| Owner Salary | 90,800 | 95,400 | 77,400 | ||
| Benefits | 488,681 | 317,427 | 230,790 | ||
| Interest Expense | 21,976 | 13,429 | 13,656 | ||
| Depreciation | 219,412 | 123,724 | 194,499 | ||
| Other | 0 | 0 | 0 | ||
| Discretionary Earnings | 894,131 | 569,731 | 713,626 |
| Accounts Rec | 0 | N* | Real Estate | 2,500,000 | Y* |
| Inventory | 50,000 | Y* | ___________ | 0 | N* |
| F F & E | 1,500,000 | Y* | Total Assets | 4,050,000 | 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 protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
Listed By: Greg Bell
Background information
Reference:
48197
Year established:
2015
Reason selling:
Other Interests
Finance
Sales:
$6,650,348
Profits:
$1,521,207
Profit type:
Discretionary Earnings
Operations
Employees:
64 full time employees currently.
Equipment:
Equipment is included in the asking price and a list is available upon request.
Inventory:
Inventory is kept at a minimum as materials are ordered per project requirements.
Premises
Facility:
9000 sq ft with warehouse and office space.
Square footage:
9000
Rent and lease terms:
Rent is currently $114,000 (paid by three occupants including owner) per year and is owned by the seller. A lease can be offered if buyer does not want to purchase the property.
Location:
Southwest Florida
Opportunities
Growth:
The potential for growth is vast with more projects becoming available and the potential for expanding staff and equipment.
Market:
The market is growing along with the population in SWFL increasing everyday and more infrastructure needed to keep up.
Price and terms
Price:
$4,500,000
Financing:
SBA financing available.
Training:
The owner is wiling to stay on for an extended transition period for the right buyer and deal.