Electrical Contractor Established 36 Years

Relocatable, FL


Asking Price: Annual Revenue:
$1,195,000 $1,724,323

Services: Construction, Contractors


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RE: Electrical Contractor Established 36 Years Broker: Max Crescenzi

Quick Facts

Asking Price: $1,195,000
Annual Revenue: $1,724,323
Net Profit: Not Disclosed
Cash Flow: $476,565
Total Debt: Not Disclosed
FF&E: $118,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 10
BBN Listing #: 8316630
Broker Reference #: 6401445907

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Business Overview:

Electrical contractor company established 36 years in the area, the owner is retiring. This business has been pre-approved by a preferred lender and requires only $125K as a down payment. The business has long-standing relationships with many large builders of new residential developments and commercial properties which brings approx 90% of the revenue. The company has never advertised, the growth has been strictly organic from their stellar reputation in the building industry. Low employee turnover with long-tenured employees. There is an Office Manager, Project Manager, 3 Lead techs., and 5 techs. They provide no service work but service can be added to increase revenue. Included are 5 vans, 1 company vehicle, $12K in inventory, and various office equipment for a total approximate value of $130K. Electrical Contractor License is required to qualify for lender financing. Lender will provide $150K in working capital. A/R’s average 30-60 days. Seller will qualify the business with his State License for a period of time, TBD. Please refer to listing number 6401445907, business broker Max Crescenzi 561-758-4241 when inquiring about this listing.

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Property Features and Assets:

Lease/Month: $2,000; Square Footage: 2,000; Building Type: Office warehouse; Terms & Options: Annual renewals; Expiration Date: 12/31/2021.

Market Competition and Expansion:

Non Compete : Miles: 40 Years: 5

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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