Commercial Electrical Installation Company

Tampa, FL


Asking Price: Annual Revenue:
$1,490,000 $1,302,917

Services: Utilities: Electric, Gas, Water, Sanitary


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RE: Commercial Electrical Installation Company Broker: Jared Olson
Owner Financing is Available!
10% Buyer Down Payment $149,000 10% Seller Financing $149,000 80% Bank Loan $1,192,000

Quick Facts

Asking Price: $1,490,000
Annual Revenue: $1,302,917
Net Profit: Not Disclosed
Cash Flow: $670,808
Total Debt: Not Disclosed
FF&E: $247,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 8
BBN Listing #: 314334398
Broker Reference #: TRA032

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Business Overview:

This electrical installation company works with 100% commercial clients and boasts an average 47% profit margin! The current owners benefit from a low-overhead at their current 1,200 square feet warehouse. With this purchase, a buyer would also be receiving $317,000 in assets, which includes $235,000 in vehicles, $12,000 in equipment, and $70,000 in A/R. This well-established high/low voltage cable installation company already has $950,000 in project backlogs for 2022! Their experienced crew provides excellent service, working with large, nationally-known retail clients. With their well trained staff, this company extends their services to 50 solid clients which includes local commercial construction firms, and subcontracting work for a national low voltage company. Most of the owners’ responsibilities can be absorbed by staff members to allow for more passive ownership.

This company has licenses to work in both Florida and Georgia, with their main service area spanning 2 hours from their home base in Tampa Bay, Florida. Services provided include high/low voltage cable installation, pre-construction design, generator installation, and troubleshooting for electrical, structured cabling, building controls and security, and life safety systems.

The two owners are married, with one acting as president of the company (and handling the A/P and A/R work, permits, and other office tasks) while the other owner acts as the vice president, handling the purchasing of materials for projects, and doing the estimating for forthcoming projects. There are currently 6 Full Time field technicians for installation work, with 2 Part Time office employees. The amount of field technicians employed varies depending on the project load. The current process for obtaining contracts takes about 1-2 months, with the average cost per project being $10,000.

Priced at $1,490,000, after debt payment the buyer would see a return of $449,499 in the first year after debt payments! This contractor provides a new owner with an experienced crew and client base that can not only continue its significant work in the commercial sector but also expand greatly into the residential market.

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Property Features and Assets:

1,200 square feet warehouse/$730/month.

Market Competition and Expansion:

Growth Opportunities: Expand marketing presence and services into the residential sector.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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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