Hot Listing
Very Profitable Concrete Business For Sale In Orlando, FL
Business Description
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
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
About the Business
- Years in Operation
- 36
- Employees
- 30
- Facilities & Assets
- 6000 sqft building and 22 vehicles coming with the sale along with heavy machinery
- Market Outlook / Competition
- He gets bid request daily for jobs and a lot of his GC's that he works with normally take his bids over the competition.
- Opportunities for Growth
- Owner said if another estimator was hired they could do a lot more work. He also has plenty of work in Tampa he could take if someone wanted to expand to that area.
About the Sale
- Seller Motivation
- Husband and wife retiring
- Transition Support
- Owner willing to help transition for 3 months
- Financing Options
- Owner willing to hold a note for $1,000,000
Listing Info
- ID
- 2354592
- Listing Views
- 1749
Listing ID: 2354592 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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