Active
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 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