Buying a concrete and masonry company in South Florida

• Several builder and contractor customers, so one builder's slowdown doesn't stop the company.
• Foremen who read plans and run a pour or a wall without the owner. A bad pour can't be undone, so judgment on site matters.
• Records showing margin per house, per square foot or per job, by customer.
• Steady work for property owners (driveways, patios, pool decks, repairs) to carry you when builders slow down.
• Reliable concrete and block suppliers that offer good credit terms and deliver on time.
• Few cracked slabs, failed inspections or callbacks (return trips to fix work).
• Crews that can work through Florida's summer heat and afternoon storms without losing pours or people.
• Forms, mixers, saws and trucks in good condition.

• Revenue by builder or contractor for three years: does one dominate?
• Money owed, including retainage (held back until the job is done), and how fast each builder pays.
• Callback and warranty history: cracked slabs, settlement, failed inspections, and any claims or lawsuits.
• Whether crews are employees or subcontractors, and proof of workers' compensation for everyone.
• Equipment such as pumps, mixers, skid steers, saws, trucks and forms: age, condition, and any financing.
• Supplier accounts, credit terms and any personal guarantees the owner signed, which you'll likely be asked to replace.
• How prices on fixed-price bids kept up with the cost of concrete, steel and block.
• Injury history and workers' compensation costs; this work is physically hard on crews.

• Who are your three biggest customers, and how long have you worked with each?
• How much of your work is for builders versus property owners?
• Who does the estimating, and who runs a pour when you're not there?
• What licenses or certifications do you have, and whose name are they in?
• Have you had any slab or foundation claims, and how did they turn out?
• What do you do when material prices jump after you've bid a job?
• Are your crews employees or subcontractors?

South Florida covers Miami-Dade, Broward, Palm Beach and Monroe counties: Miami, Hialeah, Doral, Fort Lauderdale, Hollywood, Pompano Beach, West Palm Beach, Boca Raton, Jupiter, and the Florida Keys down to Key West. It's the state's largest metro area and its most international. PortMiami, Port Everglades and Miami International Airport tie the region to Latin America and the Caribbean, which supports a deep base of wholesalers, freight forwarders and logistics firms, many of them near the airport. Tourism and cruises, finance and wealth management, health care, real estate and construction carry much of the rest. Palm Beach County adds wealthy seasonal residents and, out west near Lake Okeechobee, sugarcane and vegetable farms. In the Keys, nearly everything turns on visitors, fishing and boating.

Companies that serve homes, condo buildings and other businesses do well here: the building trades, property services, insurance agencies, medical and dental practices, and professional firms.

Costs run high: commercial rent, wages and, above all, property and windstorm insurance. Price the insurance before you make an offer, not after. Miami-Dade and Broward make up the Florida Building Code's High-Velocity Hurricane Zone, with stricter rules for roofs, windows and structures. That raises building costs, and it also gives steady work to the contractors who know those rules well.

Much of the workforce and many customers speak Spanish as well as English, and a company that works well in both languages has an edge. The winter season matters more in Palm Beach County and the Keys than in Miami. In the Keys, the cost of housing makes hiring and keeping staff one of the hardest parts of running a company. Ask any seller there how they find workers and where those workers live.