Sold
Unique and Luxurious Construction Business in Booming Market
| Category | : | Construction | SIC | : | 1521 | |
| Detail | : | Contractor General | Price | : | 2,200,000 | |
| County | : | Collier | Down | : | 2,200,000 | |
| State/Prov | : | Florida | Adj Net | : | 1,018,403 | |
| Country | : | USA | Sales | : | 4,947,975 |
| Luxury high end construction and renovations business creating some of the most unique and beautiful homes in SWFL.Trusted and sought after by the most affluent customers in SWFL for their highly publicized creations. Incredibly well run and organized, this business is great for a GC to acquire and continue a legacy or a larger construction company to enter the luxury market. |
| Reason for Sale | : | RETIREMENT |
| General Location | : | Southwest Florida |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
| : | Years Established : 16 Years Owned: 16 Emp FT: 6 Emp PT: 0 Mgrs: 0 | |
| Non Compete | : | Miles: 150 Years: 3 Weeks Training: 6 Cost: 0.00 |
| Operating dys/hrs | : | M-Sat 7-5pm |
| Skills/Licenses | : | General Contractor License |
| Business | : | Is Relocatable: Y Is Home Based: Y Is a Franchise: N Is Lender P/Q: N May Qualify For Visa: Y |
| Data Source | Tax Return | Tax Return | |||
| Year (Cash Flow) | 2018 (N) | 2017 (N) | (N) | ||
| Gross Revenue | 4,947,975 | 8,457,621 | 0 | ||
| Cost of Goods | 3,410,307 | 7,237,728 | 0 | ||
| Gross Profit | 1,537,668 | 1,219,893 | 0 | ||
| Expenses | 990,548 | 1,149,524 | 0 | ||
| Net | 547,120 | 70,369 | 0 | ||
| Owner Salary | 421,829 | 511,078 | 0 | ||
| Benefits | 42,183 | 51,108 | 0 | ||
| Interest Expense | 1,264 | 1,510 | 0 | ||
| Depreciation | 27,721 | 14,179 | 0 | ||
| Other | -21,714 | -21,714 | 0 | ||
| Owner Benefit | 1,018,403 | 626,530 | 0 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 5,000 | N* | ___________ | 0 | N* |
| F F & E | 150,000 | Y* | Total Assets | 150,000 | 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 | : | (866) 985-8735 | |
| 3510 KRAFT ROAD | Cell | : | (913) 226-7735 |
| NAPLES, FLORIDA 34109 | : | [email protected] | ||
| USA | Home Page | : | www.sunbeltnetwork.com/naples-fl |
Listed By: Greg Bell
Background information
Reference:
NAPFL001-N53
Year established:
2003
Reason selling:
Retirement
Finance
Sales:
$4,947,975
Profits:
$1,018,572
Profit type:
Discretionary Earnings
Operations
Employees:
6 FT employees
Equipment:
Equipment list upon request.
Inventory:
inventory is based on the current jobs and their requirements
Premises
Facility:
Home based, would need to rent a space for storage of equipment and supplies. Negative rent add back included.
Square footage:
3600
Rent and lease terms:
Homebased, would need to rent a space for storage of equipment and supplies.
Location:
Southwest Florida
Opportunities
Growth:
Growth and expansion can be accomplished with an increase in staff. The work is always in demand with changing tastes and new residents moving into the area on a consistent basis.
Market:
Competition is limited in the high end luxury market for construction in SWFL.
Price and terms
Price:
$2,200,000
Down payment:
$2,200,000
Financing:
No seller financing available.
Training:
6 weeks of training with the possibility of up to one year of support.