Listing No: BBF-966-55332 | |
Category | : | Construction | SIC | : | 1799 | |
Detail | : | Contractor Paving | Price | : | 1,400,000 | |
County | : | Sarasota | Down | : | 1,400,000 | |
State/Prov | : | Florida | Disc Earn | : | 526,680 | |
Country | : | USA | Sales | : | 2,427,406 |
Sunbelt Business Brokers is proud to offer this Sarasota based paver installation company for an asking price of $1.4M. The business is family-owned and has been built on the know-how of the founders’ years of experience, applying that knowledge to construct a solid company with a quality reputation. The family has set the next owner up for success with established processes and steady sales growth. The company focuses on contractually installing pavers exclusively, a specialization that keeps the business and installation crews focused. The pavers market has great upward growth momentum, and includes applications like replacement and new driveways, pools, walkways, patios, firepits, commercial projects, and more. The business generates $468,851 SDE on revenues of $2,427,406 weighted average for the past two years. FFE is estimated at $172,000. Two of the sellers are ready to start semi-retirement by slowing down and focusing on their side business, thus opening the opportunity for the new owner. The sellers believe in the business, know how to grow it, and will stay on to train the new owner, potentially longer-term if needed. The sellers will also offer significant seller financing for the right buyer, further displaying their confidence in the business. The business serves Sarasota and the surrounding communities of Bradenton, Lakewood Ranch, Parrish, North Port, etc., a prime market for business as one of the fastest growing areas of gulf coast Florida. Expansion into the Tampa area is also a way to leverage the model to even greater success. Great growth potential. Don’t wait, this business won’t last long. |
Business Name | : | |
Address | : | |
Seller | : |
Listing Type | : | EXCLUSIVE RIGHT OF SALE | Date Revised | : | 6/17/2024 |
Listing Office is | : | TRANSACTION BROKER | Code ERC Code |
: : |
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Documents on File | : | Equipment List: Y Lease: Y Corp Resolution: Y |
: | Cash Flow: N Balance Sheet: N |
: | Standard Agreement: N Signature on File: Y | |
Showing Remarks | : | CALL BROKER TO SET UP A MEETING |
Reason for Sale | : | Semi-retirement and other business interests |
General Location | : | Sarasota, FL |
Organization Type | : | 'LLC' Hours Owner Works: 40 |
: | Years Established: 4 Years Owned: 4 Emp FT: 3 Emp PT: 2 Mgrs: 0 | |
Non Compete | : | Miles: 200 Years: 5 Weeks Training: 24 Cost: $0 |
Operating dys/hrs | : | 9:00AM-5:00PM (Mon.-Fri.) Closed (Sat.-Sun.) |
Skills/Licenses | : | None |
Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: Y |
Data Source | Tax Return | Tax Return | ||
Year (Cash Flow) | 2023 (N) | 2022 (N) | (N) | |
Gross Revenue | 2,427,406 | 1,441,937 | 0 | |
Cost of Goods | 1,627,699 | 897,136 | 0 | |
Gross Profit | 799,707 | 544,801 | 0 | |
Expenses | 653,789 | 495,019 | 0 | |
Net | 145,918 | 49,782 | 0 | |
Owner Salary | 189,918 | 90,056 | 0 | |
Benefits | 90,253 | 88,998 | 0 | |
Interest Expense | 81,509 | 5,398 | 0 | |
Depreciation | 19,082 | 176,788 | 0 | |
Other | 0 | 0 | 0 | |
Discretionary Earnings | 526,680 | 411,022 | 0 |
Accounts Rec | 0 | N* | Real Estate | 0 | N* |
Inventory | 0 | N* | ___________ | 0 | N* |
F F & E | 172,000 | Y* | Total Assets | 172,000 | Y* |
Leasehold | 0 | N* | |||
*Included? |
Lease/Month: 1564 | Square Footage: 1251 | Building Type: Office Building |
Terms & Options: New lease terms available | Expiration Date: 4/30/2027 |
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 |
RONALD MARK VANDIVER | Office | : | (855) 969-3534 | |
ASSOCIATE | Fax | : | ||
Home | : | (314) 971-0984 | ||
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (314) 971-0984 |
2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
NAPLES, FLORIDA 34105 | : | [email protected] | ||
USA | Home Page | : | sunbeltofflorida.com |