Southwest Florida Painting and Contracting Company
Business Description
Provides Painting, Waterproofing, Contracting and Restoration Services
With over 50 years of combined industry experience, the Company is a trusted provider of painting, waterproofing, contracting, restoration, and remodeling services throughout Southwest and Central Florida. Serving a diverse client base—including commercial properties, high-rises, shopping centers, and residential communities—the Company has built a strong reputation for quality, reliability, and responsiveness. As a family-owned and operated business with deep roots in the community, it offers investors a well-established, high-performing platform with proven results and strong brand recognition in one of the country’s fastest-growing markets.
Comprehensive Service Portfolio Positioned for Scalable Growth
• Interior & Exterior Painting: Full-service offering for commercial and residential properties, including prep, repairs, and premium finishes. Supports both ongoing maintenance and large-scale capital improvements.
• Waterproofing: High-value protection across foundations, roofs, and building envelopes—especially critical in Florida’s climate. Drives repeat business and recurring revenue.
• Polished Concrete & Floor Coatings: High-margin segment with growing demand across commercial and upscale residential markets.
• Remodeling & Renovations: Turnkey solutions for kitchens, baths, exteriors, flooring, and build-outs. Strong cross-sell opportunities with existing clients, HOAs, and developers.
Strategic Shift Driving Growth and Margin Expansion
Since 2023, the Company has transitioned from lower-value repainting and small remodels toward higher-margin general contracting projects. This shift has improved average job size, operating leverage, and profitability—positioning the business for sustained, scalable growth. In 2025, revenue is projected to fall just under $19 million—a 52% increase YoY—driven by a growing pipeline of larger commercial projects. Average revenue per job is expected to reach $83,000, up 18% from prior periods.
Signed contracts from both new and repeat clients provide strong visibility into 2026 and beyond. From 2023 to present, revenue grew 136%, and EBITDA increased 214%. While 2024 EBITDA was temporarily impacted by ~$500K in retainage (collected in early 2025), current trailing twelve-month (LTM) EBITDA as of August 2025 reflects a normalized run rate of ~$2.0 million.
As an asset-light, service-driven business with low capex and strong cash conversion, the Company is well-suited for institutional investors seeking a platform with expansion potential across geographies and service lines.
Financial Summary
• 2025E Revenue: $18.8 million
• 2025E EBITDA: $2.6 million
• 2026E Revenue: $21.4 million
• 2026E EBITDA: $3.0 million
Sector Tailwinds Driving Long-Term Growth
1. Population Growth & Migration Trends
Operating in Florida’s fastest-growing counties (Hillsborough, Polk, Pasco, Sarasota, and Lee), the Company benefits from ~23% average annual population growth. Increased residential and commercial development is fueling demand for contracting, restoration, and painting services.
2. Capital Investment in Construction
Florida now ranks third nationally in nonresidential construction spending, representing 5% of total U.S. activity. The Company is well-positioned to capture high-margin projects across commercial and mixed-use sectors.
3. Sector Strength & Labor Market Expansion
Florida leads the nation in construction employment growth among the five largest states—indicating a healthy construction ecosystem and consistent subcontractor demand.
4. Recurring Revenue from Climate-Driven Restoration
Florida’s vulnerability to hurricanes and flooding supports ongoing demand for waterproofing, restoration, and contracting services. These events contribute to reliable, recurring revenue—making climate volatility a durable market driver.
Comprehensive Service Portfolio Positioned for Scalable Growth
• Interior & Exterior Painting: Full-service offering for commercial and residential properties, including prep, repairs, and premium finishes. Supports both ongoing maintenance and large-scale capital improvements.
• Waterproofing: High-value protection across foundations, roofs, and building envelopes—especially critical in Florida’s climate. Drives repeat business and recurring revenue.
• Polished Concrete & Floor Coatings: High-margin segment with growing demand across commercial and upscale residential markets.
• Remodeling & Renovations: Turnkey solutions for kitchens, baths, exteriors, flooring, and build-outs. Strong cross-sell opportunities with existing clients, HOAs, and developers.
Strategic Shift Driving Growth and Margin Expansion
Since 2023, the Company has transitioned from lower-value repainting and small remodels toward higher-margin general contracting projects. This shift has improved average job size, operating leverage, and profitability—positioning the business for sustained, scalable growth. In 2025, revenue is projected to fall just under $19 million—a 52% increase YoY—driven by a growing pipeline of larger commercial projects. Average revenue per job is expected to reach $83,000, up 18% from prior periods.
Signed contracts from both new and repeat clients provide strong visibility into 2026 and beyond. From 2023 to present, revenue grew 136%, and EBITDA increased 214%. While 2024 EBITDA was temporarily impacted by ~$500K in retainage (collected in early 2025), current trailing twelve-month (LTM) EBITDA as of August 2025 reflects a normalized run rate of ~$2.0 million.
As an asset-light, service-driven business with low capex and strong cash conversion, the Company is well-suited for institutional investors seeking a platform with expansion potential across geographies and service lines.
Financial Summary
• 2025E Revenue: $18.8 million
• 2025E EBITDA: $2.6 million
• 2026E Revenue: $21.4 million
• 2026E EBITDA: $3.0 million
Sector Tailwinds Driving Long-Term Growth
1. Population Growth & Migration Trends
Operating in Florida’s fastest-growing counties (Hillsborough, Polk, Pasco, Sarasota, and Lee), the Company benefits from ~23% average annual population growth. Increased residential and commercial development is fueling demand for contracting, restoration, and painting services.
2. Capital Investment in Construction
Florida now ranks third nationally in nonresidential construction spending, representing 5% of total U.S. activity. The Company is well-positioned to capture high-margin projects across commercial and mixed-use sectors.
3. Sector Strength & Labor Market Expansion
Florida leads the nation in construction employment growth among the five largest states—indicating a healthy construction ecosystem and consistent subcontractor demand.
4. Recurring Revenue from Climate-Driven Restoration
Florida’s vulnerability to hurricanes and flooding supports ongoing demand for waterproofing, restoration, and contracting services. These events contribute to reliable, recurring revenue—making climate volatility a durable market driver.
About the Business
- Years in Operation
- 8
- Employees
- 31 (31 Full-time)
Includes VPs, Managers / Supervisors, Painting Supervisors, Painters, Office Sta - Facilities & Assets
- Office and warehouse in a fast-growing area of Lee County in close proximity to Southwest International Airport, the major interstate, and other major roads
This property is classified as Commercial (warehousing, distribution terminals, trucking terminals, van and storage space)
Property offers potential rental and expansion space
Accessible to the physically handicapped - Market Outlook / Competition
- The Company operates in a market with few local competitors offering similar services. As a family-owned and operated business with deep roots in the communities it serves, the team blends traditional values with a modern approach to consistently deliver exceptional results. This commitment has earned strong brand recognition, as confirmed by numerous satisfied customers.
- Opportunities for Growth
- There are strong growth opportunities in nearby counties such as Charlotte, Glades, and Hendry, as well as in other states. Expanding MSAs with HOAs, corporate facilities, & rental companies can significantly increase recurring revenue. By deploying new crews, a buyer can capture additional market share and unlock new sales opportunities at a relatively low cost, leveraging the company’s position as a market leader. Additionally, increased focus on marketing & strategic partnerships can open up substantial untapped potential in core and expansion areas.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 32,914
- Rent
- $15,000.00 per month
About the Sale
- Seller Motivation
- Seeking a well-capitalized strategic or financial partner
Listing Info
- ID
- 2424654
- Listing Views
Listing ID: 2424654 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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