General contractor business for sale in Broward County

Asking Price: $299,999

Annual Figures: 2023

Gross Sales: $1,088,464

Net Profit: $251,913

Expenses: 2023

Subcontractor Expense: $669,508

Advertising and marketing: $29,893

Business Highlights:

– Started in 2018

– Kitchen, bathroom, and floors make up 70% of revenue. Also does window and doors.

– Lots of growth potential! Owner refuses a lot of condos, additions for homes, etc because she does not have the time or the capital

– Business comes with 2 employees and 10 subcontractors (husband and wife will be leaving):

Receptionist: sales, permits, emails, appointments, etc

Laborer: Does demo, finish, drywall, repairs

Subcontractors: 10 total (plumbing, electrical, mechanical, other)

– Mostly advertising and some referral business

– Business is closed on the weekends so that could increase revenue

– Average 1-3 jobs per week at an average ticket of 10K-20K. No small handyman jobs.

– The qualifier stays with the company and is paid $2500 a month. (If someone is already a GC then $30,000 can be added back as net profit)

– A company van, 1 enclosed trailer, dump trailer, and 2K-5K in tools comes with the sale

– Reason for the sale is the wife has to move back to Brazil to take care of parents

– There is no space for rent with the business. Would need to factor in a rent if buyer doesn’t already have a space.

– Cannot use SBA because the price does not reach their minimum, but I may have an option for other lenders if needed

Addbacks for 2023:

NOI on 2023 P&L : $100,831

Auto Loan Payment (will be paid off): $8,288

Meals (personal): $7,835

Travel (personal): $4,957

Owners salary ($75,000 each): $150,000

= $271,913 True Net