Florida State Certified Electrical Contractor

Not Disclosed, FL
Palm Beach County

Southeast Florida


Asking Price: Annual Revenue:
$785,000 $1,328,332

Services: Home Improvement, Repair, Painting


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RE: Florida State Certified Electrical Contractor Broker: Roberta Caputo
Owner Financing is Available!
Financing Terms: SBA pre-qualified lending to a Borrower with the required license.

Quick Facts

Asking Price: $785,000
Annual Revenue: $1,328,332
Net Profit: Not Disclosed
Cash Flow: $303,987
Total Debt: Not Disclosed
FF&E: $180,075
Real Estate: Not Disclosed
Year Established: 2002
Employees: 6
BBN Listing #: 3457344
Broker Reference #: 3819

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Business Overview:

This State Certified Electrical Contractor (est. 2002) specializes in higher-end remodels and new residential construction. Company has name recognition and solid reputation in Palm Beach and Martin Counties. A distinguished list of long term relationships with well-established general contractors and repeat clientele provide an excellent client base upon which to continue to build. Commercial work has been limited to office renovations and small to medium sized build-outs. Seasoned, stable work force is led by a Superintendent (Licensed Journeyman) with 8 year tenure at the company. His State Certification License is pending and could qualify the business post-closing. Workforce includes two crews, each comprised of an electrician and apprentice, and a warehouse/logistics manager with over 6 years’ experience in electrical materials management. Back office is highly organized and turn-key. There is opportunity to increase revenues and easily scale business through a steady stream of unsolicited phone calls for service work. Commercial work, EV charging stations, and home generator installations/annual maintenance contracts are other lanes for immediate exponential growth. Cash Flow stated is for 2022 and was annualized from June 30, 2022, P&L. Significant WIP with Backlog for next year. Motivated Seller is retiring. SBA pre-qualified lending to a Borrower with the required license.

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Property Features and Assets:

1,000 square foot Office/Warehouse.

Market Competition and Expansion:

Construction specialty trades are in high demand. Significant growth using the unsolicited phone calls that come in consistently for service work. The addition of commercial work, installations and service of EV charging stations and home generators are other lanes to immediate exponential growth.

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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