Design & Build Firm in Jacksonville (Duval County)

Jacksonville, FL (Duval County)
Asking Price: $3,000,000
Business For Sale Details
Listed on Oct 25, 2023

Established in 1993, this Design/Builder specializes in new commercial construction including but not limited to medical practices, heart-cath labs, pre-engineered metal buildings, and tenant build-outs. The GC entity is an approved dealer in North Florida for certain pre-engineered metal building suppliers. Licensed as an architecture firm and a general contractor, these firms provide high quality buildings that consistently exceed the client’s requirements. The GC entity has an excellent sub-base so pricing quotes are consistently very competitive or below market. Furthermore, the companies retain most key employees (for 15 years or more) and there are non-compete agreements in place.

The price of the business (including the Architectural firm) is negotiable. The majority owner has a 2023 company valuation report performed by a highly reputable company as of June 22, 2023.

- Revenue for the combined firms was approx. $6M per year for 2023 - 2025 and was $3.2M in 2022. 2026 / 2027 has over $23M in the forecast for the next 24 months.
Per the owner, no project makes the forecast unless it has already been designed and priced.

These firms together have a $1.2 million-dollar annual breakeven point. Any billing over this amount will still include 15% overhead without incurring the overhead cost. The costs of managing jobs (PM and Superintendent time) is included in job cost of each bid, thereby not affecting fixed overhead.

- In general, profit margins have been consistently between 23% to 28% over the last 25 years.

- The businesses have been able to win business and get hired on projects much more frequently than the average contractor due to our closing process.

Also, the majority owner is offering to provide 6 weeks initial training immediately after closing and can assist as a paid consultant after that. This training will include:

• How to close 90+ percent of all prospects on the first contact call.
• How to easily increase your profit on projects to 30% and still win the projects even when competitively bid.
• How to convert 90+ percent of projects to design build right off the first call.

The new owner or a designated project manager will be personally introduced to all existing clients.

Prospective buyers may find out more after a letter of intent has been drafted and a non-disclosure agreement has been executed.

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Financials (USD)

Asking Price $3,000,000

Cash Flow $1,200,000

Sales $6,000,000

Deal Terms

Represented by broker? Available On Request

Buyer Fee? No

Seller Financing? Available On Request

Willing to co-broke? Available On Request

Principals only? Yes

Franchise? No

Management will stay? Available On Request

Relocatable? No

Real Estate? No

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