Electrical Contractor - 25 y/o - Lender Qualified

Not Disclosed, FL

Central Florida - Metro Orlando


Asking Price: Annual Revenue:
$2,300,000 $3,600,000

Services: Construction, Contractors


Request More Information
Contact the Seller

RE: Electrical Contractor - 25 y/o - Lender Qualified Broker: Keith Lehmann

Quick Facts

Asking Price: $2,300,000
Annual Revenue: $3,600,000
Net Profit: Not Disclosed
Cash Flow: $760,000
Total Debt: Not Disclosed
FF&E: $265,000
Real Estate: Not Disclosed
Year Established: 1994
Employees: 30
BBN Listing #: 962455601
Broker Reference #: 53402336

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Over 25-year-old residential electrical contracting business working primarily in new construction of high-end custom homes (including electrical, lighting controls, structured wiring & Back up Generators). Superb reputation and great relationships with many custom home builders throughout the area. In high demand as he continuously turns away work. Fully equipped fleet of trucks included. Very nice office/warehouse centrally located property is available for sale, lease or can be vacated. All prospects must be financially qualified prior to receiving any information.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The business operates out of 6,600 Square Feet Commercial/Industrial Building consisting of 2,116 Square Feet+/- of office space and 4,484 Square Feet +/- of warehouse space. Office is very nicely done and professional comparable with Class A office space. Warehouse space is very well organized and maintained. The property size is just over a half of an acre (21,912 Square Feet) and is centrally located in Central Florida with easy access to main thoroughfares. The building is owned by the seller and therefore the business has not been paying rent. The financials have been shown to allow for a rent factor of $60,000 per year. This equates to approximately $5,000 per month is deemed to be market rent fore this type of facility in this area. Any maintenance, taxes and insurance on the land/building have been expensed through the business and therefore the rent indicated above would be considered a triple net amount. There is the added flexibility associated with the property. The options include… Option A: Purchase the business and vacate the premises. This would be ideal for any purchaser who is already established within the region with enough capacity to house the operations associated with this business. This may also be an option for someone who has access to different space that they simply prefer. Option B: The building and property are available for sale at an asking price of $700,000. This is ideal for a purchaser who wants to secure the investment in real property and/or want to trade rent dollars for mortgage dollars. Should the purchaser be looking to secure financing, this may make a lender more eager to invest in this project. Option C: Should the purchaser be unable or unwilling to move or purchase, the seller is willing to lease the premises to the purchaser of the business. The beginning rent will be as described above. The lease term is flexible. A lease with a first right of refusal and/or an option to purchase will be considered as well. All other lease terms shall be subject to standard negotiations on said document.

Market Competition and Expansion:

The company has a strong stream of continuous work. Daresay more than it can handle as it handles everything it takes on wonderfully. Current year sales projections are over $3,500,000. Work is continuously turned away. Great relationships with more than a dozen extremely reputable custom home builders in the area. During any given year one builder may account for over 30% of the total work, however, it is not the same builder year over year. Example, in one-year Builder A may account 30% or so of revenue but the following year that may be Builder C and so on. All relationships are strong but in the event one relationship were to falter, another could easily replace the volume.

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.

Documents:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!