JFB Construction (JFB) Investor presentation summary

Business overview

• Operates as a commercial and residential contractor and real estate developer based in Palm Beach County, Florida, with projects in 36 states and over 2 million square feet of commercial space completed.

• Serves major national franchise brands such as Massage Envy, Planet Fitness, Arby's, and Starbucks, and has built or remodeled hundreds of franchise locations.

• Currently manages 30 construction projects, including 24 commercial and 6 residential, with a focus on both ground-up and renovation work.

Operational segments and strategy

• Operates in three segments: commercial construction, residential construction, and real estate development, each offering distinct growth opportunities.

• Commercial construction includes franchise and general commercial divisions, representing a significant revenue portion, with projects typically completed in under four months.

• Residential construction targets modern, luxury, and bespoke homes, capitalizing on Florida's population growth and demand for high-end housing.

• Real estate development focuses on multi-family projects like condominiums and townhouses, aiming to leverage public company status for capital-intensive growth.

Financial performance

• Generated $32.4 million in revenue in 2023, up from $24.2 million in 2022, with gross profit margins improving from 19.1% to 22.5%.

• Net income rose to $4.1 million in 2023 (12.8% of sales), but reported a net loss of $230,058 for the first nine months of 2024.