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24-Year Concrete Forms Company


 

Listing No: BBF-966-02130 Sunbelt Listing No: 48188
   
Category :  Construction SIC :  1799  
Detail :  Construction Contractor Other Price :  4,000,000  
County :  Duval Down :  4,000,000  
State/Prov :  Florida Disc Earn :  794,985  
Country :  USA Sales :  1,420,079  

This business is a vital part of the construction industry as they rent the forms to the industry with over $11,000,000 in inventory.  It is offered with all of the inventory for $5,000,000 or the Buyer can opt to buy it for $4,000,000 with half of the inventory included. The Company designs, engineers, and manufactures metal forms that are used to pour concrete floors in high-rise and mid-rise buildings. Buildings have included hotels, condominiums, office buildings, college and military dorms, parking garages, hospitals, water reservoirs, wastewater treatment plants, box culverts, tunnels, and bridges. The Company is based in Jacksonville, FL, and is the only company on the East Coast is solely focused on column supported forming system. The Company uses a proprietary, advanced "flying form" system, or deck grids, which are lifted in place by a crane and set in place on column mounted shoring jacks for pouring concrete floors and slabs. This system is 250% more efficient than its main competition, trusses, and 500% more efficient than hand set shoring or scaffolding.

The Company is on track to do $1,420,079 in revenues with a NET Profit of almost $800K.


 

Reason for Sale :  Retirement
General Location :  Florida
Organization Type :  'LLC'     Hours Owner Works: 40
  : Years Established: 24  Years Owned:  24  Emp FT:  6  Emp PT:  0  Mgrs:  2
Non Compete :  Miles:  5  Years:  100  Weeks Training:  4  Cost:   $0
Operating dys/hrs :  Monday-Friday 9:00 - 4:00
Skills/Licenses :  Sales
Business :  Is Relocatable: Y    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    Should Qualify For Visa: Y

Data Source Annualized Tax Return Tax Return  
Year (Cash Flow) 2023 (N) 2022 (N) 2021 (N)  
Gross Revenue 1,420,079 895,016 650,709  
Cost of Goods 135,873 101,186 53,738  
Gross Profit 1,284,206 793,830 596,971  
Expenses 659,884 546,001 419,685  
Net 624,322 247,829 177,286  
Owner Salary 142,090 142,090 127,270  
Benefits 28,573 35,691 15,272  
Interest Expense 0 5,869 11,196  
Depreciation 0 94,576 6,000  
Other 0 0 0  
Discretionary Earnings 794,985 526,055 337,024  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 11,127,025 Y* ___________ 0 N*
F F & E 0 Y* Total Assets 11,127,025 Y*
Leasehold 0 N*
*Included?  

Lease/Month: 3112 Square Footage: 1200 Building Type: Metal Buildings
Terms & Options: New long-term lease avail Expiration Date: 5/31/2029

             

JOSEPH ALTER Office :  (239) 849-9334  
BROKER Fax :    
  Home :  (239) 849-9334  
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell :  (239) 849-9334  
2640 GOLDEN GATE PARKWAY, SUITE 204        
NAPLES, FLORIDA 34105 Email :  [email protected]  
USA Home Page :  sunbeltofflorida.com  

 



Listed By: Joe Alter

Background information

Reference:

48188

Finance

Sales:

$895,016

Profits:

$526,055

Profit type:

Discretionary Earnings

Price and terms

Price:

$4,000,000