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Buying a drywall or finish carpentry company in Space Coast and Volusia

Space Coast and Volusia has 110 established drywall and finish carpentry companies by our count: companies in business at least 15 years that still file with the state every year and aren't part of a larger group. Of those, 85% have been in business 20 years or more. Most will never be listed for sale, and many of their owners have never been asked.

110
established companies
85%
built over 20+ years
$95k+
a year, earned by the top quarter
10%
built over 30+ years

What it takes to own one

Drywall and finish carpentry companies in Space Coast and Volusia come in every size. Here's what owning one could look like at three levels, from a solid company to one of the leaders, with a small business loan covering most of the price.

A solid company
Earns about
$54,000 a year
Price about
$161,000
Your cash
$23,000
Could pay you
up to $26,000 a year
A strong company
Top quarter in Space Coast and Volusia
Earns about
$95,000 a year
Price about
$281,000
Your cash
$39,000
Could pay you
up to $45,000 a year
One of the leaders
Top tenth in Space Coast and Volusia
Earns about
$161,000 a year
Price about
$475,000
Your cash
$67,000
Could pay you
up to $75,000 a year

Earnings are owner earnings: profit plus what the owner pays themselves, before loan payments and taxes. They and the prices are our estimates from public records, not the owners' figures, and we value companies like these at about 3.0 times a year's owner earnings. Your cash covers the down payment and closing costs, and what the business could pay you is what's left after the loan payments and the cushion lenders require. The more cash you bring, the further up you can go.

Age, size and location

Revenue is our estimate from public records, grouped into wide ranges.

In businessCompanies
Under 20 years17
20 to 29 years82
30 to 39 years10
40 years or more1
Estimated yearly revenueCompanies
Under $1M17
$1M to $2M1
$2M to $4M1
CountyCompanies
Brevard55
Flagler28
Volusia27
TownCompanies
Palm Bay17
Palm Coast16
Melbourne10
Cocoa9
Bunnell8
Deland6
Port Orange5

What the best drywall and finish carpentry companies have in common

  • Several builder and contractor customers, so one builder's slowdown doesn't idle the crews.
  • Crew leaders who manage quality and schedule without the owner, and fix problems before the builder's superintendent finds them.
  • Estimates from plans, with margins tracked per house or project.
  • A reputation for being on time: a late drywall or trim crew holds up every trade after it.
  • Enough crews to take on a new subdivision without hiring in a panic.
  • Proper insurance for every crew and a clean workers' compensation record.
  • Some remodel or commercial work to soften housing slumps.
  • Lifts, tools and trucks in good shape, with no surprise replacements due.

What to check before you buy

  • Revenue by customer for three years, and how much each builder owes now.
  • What each builder pays per house or square foot, and whether that has kept up with labor and material costs.
  • Who buys materials, the company or the builder. Buying drywall or trim ties up cash and adds risk.
  • Whether workers are employees, paid by the piece, or subcontractors, and how each is insured. Treating employees as independent contractors can mean back taxes and penalties; ask your accountant.
  • Callbacks and punch-list work (small fixes before handover) that eat into margins.
  • Back charges (deductions builders take for problems), disputes and unpaid invoices.
  • Equipment and trucks, and any loans on them.
  • Past injuries. Drywall and trim work involve lifts, stilts and ladders, and claims raise insurance costs.

Questions to ask the owner

  • Who are your main builders and contractors, and how long have you worked with them?
  • How do you price a house or a project, and when did you last raise prices?
  • Do you buy materials, or does the builder supply them?
  • Are your crews employees or subcontractors, and how are they paid?
  • What licenses or certifications does the company hold?
  • How often do builders hit you with back charges, and what for?
  • Who runs the crews day to day?

To learn what these companies do, which licenses they need and how ownership works, read our full guide to buying a drywall or finish carpentry company in Florida.

Owning a company in Space Coast and Volusia

The local economy

This region covers Brevard, Volusia and Flagler counties: Melbourne, Palm Bay, Titusville, Cocoa, Cocoa Beach, Merritt Island, Daytona Beach, Port Orange, Ormond Beach, DeLand, Deltona, New Smyrna Beach and Palm Coast. Brevard's economy is built around space. Rockets launch often from Kennedy Space Center and Cape Canaveral Space Force Station, and aerospace and defense manufacturers and their suppliers employ engineers, technicians and machinists across the county. Port Canaveral is a major cruise port.

Volusia depends more on tourism, beaches and big events, with Daytona's motorsports and motorcycle rallies drawing crowds. Health care and a large retired population matter too. Flagler County, around Palm Coast, is mostly residential. Machine shops, electrical and engineering firms, home service companies, marine businesses and restaurants all have a place here.

What's different about owning a company here

Brevard's fortunes follow the space and defense programs. A company that sells to aerospace firms should be able to show you how many customers it depends on and how secure their work is. Business in Volusia spikes around big events and the winter season, so look at revenue by month.

The whole coast faces storm risk. In 2022, Hurricane Ian brought flooding to much of Volusia, and Hurricane Nicole, which came ashore near Vero Beach six weeks later, washed away beaches and seawalls along the Volusia coast. Beachfront property needs careful insurance and structural checks. The Indian River Lagoon and the St. Johns River make boating and fishing part of daily life, which keeps the marine trades busy. Palm Coast and the Palm Bay area have added many new homes, and companies serving those areas have grown with them.

Drywall and finish carpentry companies in other regions

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