State Certified Electrical Contractor

Not Disclosed, FL
Broward County


Asking Price: Annual Revenue:
$995,000 $1,610,156

Services: Construction, Contractors


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RE: State Certified Electrical Contractor Broker: Patrick Gagliardi
Owner Financing is Available!
SBA lending available to qualified Buyer with 15% cash injection

Quick Facts

Asking Price: $995,000
Annual Revenue: $1,610,156
Net Profit: Not Disclosed
Cash Flow: $382,413
Total Debt: Not Disclosed
FF&E: $499,077
Real Estate: Not Disclosed
Year Established: 1988
Employees: 8
BBN Listing #: 6932344
Broker Reference #: 3664

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Business Overview:

State certified licensed Electrical Contractor serving South Florida: Martin, Miami-Dade, Broward, Palm Beach This family owned business and its loyal experienced staff and highly competent licensed journeyman technicians, has served South Florida since 1988. This electrical company is focused on commercial business, specializing in the maintenance of parking lot site lighting and sign repair. Business continues to be generated by repeat customers who have relied on their service and reliability for many years. Inventory and trucks come free and clear and are included in the sale. Business has excellent books and record keeping and a large database of customers with detailed job locations. Looking for motivated buyer seeking potential business growth. 2020 numbers are annualized based on P&L statements through May 31, 2020 and owner's expected run rate for 2020.

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Property Features and Assets:

Warehouse/Office

Market Competition and Expansion:

Since 1988, this business has focused on parking lot site lighting services and sign repair. Continuing this strategy, with its outstanding customer service, are vital to the success of its business. According to IBISWorld*, the Electric Power and Systems Installation service industry will generate $193.7 billion in 2020, 72.9 % of industry is generated through nonresidential construction projects. Revenue is forecasted to increase at an annualized rate of 2.2% to $216.3 billion in 2025. * March 2020 IBISWorld ( Brenna Butler ) Leveraging its goodwill, experience and customer service to add new customers from its existing database of 1000 customers and being poised to take advantage of the economic rebound. Expand its relationships/contracts with other municipalities throughout the SE Florida area.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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