37766 – High-Grossing Concrete Contractor with Great Reputation!
ConstructionFor Sale in FL
Financial & Assets Details
About the Business
Serving Florida since 2014, this experienced trade contractor provides road construction, concrete flat work, and underground utilities such as lift stations and shoulder/ditch restoration pumps among other products. Offering a one-year warranty on labor, listing specializes in 3-year government applications with projects that include sidewalks, driveways and curbs, as well as underdrains, retaining walls, and retention ponds. Boasting over $30 Million in upcoming contracts and three big jobs currently pending, this ideal financial opportunity comes with Accounts Payable and is ripe to expand with new strategy optimizations including an extended service area. As marketing efforts only focus on the referrals backed by a large and recurring customer base, their contractual agreements, and overall quality work, strong growth potentials exist in using aggressive advertising. Thanks to high online ratings, 2020 saw steady growth with $7,751,000 in Revenues alongside Seller Discretionary Earnings of $780,000 and an Adjusted EBITDA amount of $685,000. With continued growth, 2021 is projecting $9 Million in sales with over 8% net income. Reliable personnel of five nonunion employees agree to remain post-sale, with two supervisors running streamlined subcontractors, making the business ready for a smooth standard transition of three months. Commercially zoned, the office unit of 1,150 square feet is located in a building owned by the seller. The facility is available for purchase as well and features an ample parking lot.
Negotiable up to 20% for the right buyer.
Listing also comes with Receivables of $927,878 and Other Assets valued at $783,522!
Property is available for outside purchase!
Support & Training
Owner Transition period of 3 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.
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