Very Profitable Commercial Concrete Company For Sale in Orlando, FL
Asking Price: $7,999,999
Annual Figures: 2024
Gross Sales: $8,188,550
Net Profit: $1,848,622
Expenses: 2024
COGS & Salaries and Wages: $6,154,558
Business Highlights:
- In business for 36 years
- Located in Orlando, FL
- Type of work: footers, foundation, masonry walls, block work, decks, parking lots
- 2 owners, estimator (project manager), office admin, office manager, part time office, shop foreman, 6 foreman, 25 hourly field employees, (50) 1099 masonry field, (10) concrete field, several 1099 pump companies.
- Owner #1 - Overseeing, orders materials, estimates, contracting
- Owner #2 - Insurance, payroll, taxes, legal
- Tenure of employees: some guys over 20 years, most 10-15 years, field guys have higher turnover
- 22 vehicles with the sale
- Owns the property but would lease back at $5150 triple net
- Building is 6000 sqft, 3000 sqft is the office and one acre yard
- Doesn't hold much inventory 100K - 200K value
- 90% commercial 10% residential
- 95% new construction 5% renovation
- Jobs in the works: 6 Chipotles, 5-6 dental offices, a few 7-11's, retail facility, mini storage, 4-5 car washes, Starbucks, Wal-Mart, Publix
- $2,000,000 billed so far this year as of the end of Feb 2025
- Should do $11,000,000 in 2025
- Has bid $100,000,000 in jobs will probably get 10% of those
- Gets bid request daily
- Sweet spot is the 8-15K sqft jobs
- No advertising. They have been in business so long they don't need to
- Owner will help transition for 3 months
- Will hold $1,000,000 seller note
- Reason for the sale: Both owners are looking to retire
- Owner prefers buyer to have some concrete , construction, or similar knowledge if possible.
2024 Tax Return: $8,188,550 - Gross
Addbacks:
$250,400 (Compensation of Officers)
+ $10,574 (Interest)
+ $6,323 (Depreciation)
+ $42,000 (Health Insurance)
+ $1,539,325 (Ordinary Business Income)
= $1,848,622 Adjusted Net Income for 2024
2023 Tax Return: $6,099,240 - Gross
Addbacks:
$250,400 (Compensation of Officers)
+ $6,100 (Interest)
+ $9,794 (Depreciation)
+ $19,000 (Professional Fees)
+ $30,000 (Advertising - Sponsored a team)
+ $42,000 (Health Insurance)
+ $919,542 (Ordinary Business Income)
= $1,276,836 Adjusted Net Income for 2023
2022 Tax Return: $5,992,717 - Gross
Addbacks:
$248,400 (Compensation of Officers)
+ $13,261 (Depreciation)
+ $42,000 (Health Insurance)
+ $1,000,593 (Ordinary Business Income)
= $1,304,254 Adjusted Net Income for 2022
2021 Tax Return: $5,313,665 - Gross
Addbacks:
$243,400 (Compensation of Officers)
+ $13,262 (Depreciation)
+ $680,701 (Ordinary Business Income)
= $937,363 Adjusted Net Income for 2021
Ad#:2354592
