Central Florida Electrical Contractor

Not Disclosed, FL
Lake County

Central Florida


Asking Price: Annual Revenue:
$2,220,000 $4,478,603

Services: Construction, Contractors


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RE: Central Florida Electrical Contractor Broker: Brad Carpenter
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $2,220,000
Annual Revenue: $4,478,603
Net Profit: Not Disclosed
Cash Flow: $938,975
Total Debt: Not Disclosed
FF&E: $344,376
Real Estate: Not Disclosed
Year Established: 1985
Employees: 30
BBN Listing #: 72545422
Broker Reference #: 409-02265

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Business Overview:

37-year-old active commercial electrical contractor. Has extensive staff of 22 techs and field supervisors supporting a number of area commercial construction projects. Due to demand, Company is looking to hire 5 additional field techs. Office staff includes a FT estimator, project manager and administrator.

The Company is also the preferred electrical contractor for one of Orlando's premiere theme parks providing both construction and servicing efforts. While Covid slowed down their activities with this valued Client, a resurgence of Park attendance has bolstered renewed demand for Company services. An extensive list of equipment is included in this offering with a qualifier on staff, if required. RE is available for purchase or lease.

Update 5/22: The Company was just awarded a $2MM+ commercial electrical contract for which construction should commence Summer 2022.

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Property Features and Assets:

Business owns a 3,250 Square Feet office/warehouse condo that includes about 1,000 Square Feet of warehouse space. Building can be purchased for $250,000 or leased at $2,850 per month. Business also rents additional storage space directly behind building and has several storage trailers at commercial project sites and theme park to safely store equipment. Sale includes a wide array of equipment including vehicles, tractor, excavator and a number of vital tools valued at $345,000 along with inventory of approximately $50,000.

Market Competition and Expansion:

Pros: Business enjoys strong staff and is located within one of the high growth regions of Country. Enjoys a number of long-term general contractor relationships allowing significant bids opportunities for future commercial work. Includes a 30 year relationship with one of Orlando's top theme parks that should lead to improved revenue growth. Cons: Recent inflationary trend has increased cost of electrical components and labor that requires careful bid reviews. Theme Park revenue segment during the past 2 years had significantly declined due to attendance drop, however, Covid immunity has led to visitation surge and targeted revenue opportunities. As noted, regional growth provides significant expansion opportunity for company, if so desired. While labor shortages have been a common theme during the past 2 years across area business segments, in recent months, workforce availability has improved. While service demand had waned given the significant drop-off of area visitors due to Covid it appears vacationers have returned with a vengeance that is again driving a pickup of electrical construction and service needs by area attractions including the major Theme Parks. Notwithstanding, commercial construction activity throughout the Central Florida region remains strong to support continued surge in population.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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