NOT DISCLOSED, Florida
| Asking Price |
$4,100,000 |
Year Established |
1971 |
|
| Annual Revenue |
$1,658,456 |
Reason for Selling |
After 55 years in this business, it's time to retire. |
|
| Annual P/L |
$0 |
Attention |
Paul Lapidus |
|
| Annual Cash Flow |
$534,696 |
Listing Number |
1019518 |
|
| # of Employees |
15 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
This is a unique Electrical Contracting business as it works with large companies doing either new installations or renovations of existing electrical systems. The business started in 1971 and continues to be at the top of the list for a large area of Northern Florida which is rapidly growing in population and new residential & commercial construction. A big plus is that the Real Estate (one acre) plus 3 buildings is included in the sale and is valued at 1.9 million dollars.
Property Features and Assets:
<p>Located on a main street with over 31,000 cars passing it daily, the business is located in it's own building with 2 additional out-buildings included on one acre of land. The buildings and property are included in the purchase price. <br></p><p>Assets = $1,900,000</p>
Market Competition and Expansion:
<p>There's always some competition in a needed business such as this especially in a fast-growing area of Florida. However, due to their expertise and longevity, this business far outshines any of the few other large electrical contractors within a wide area. They do things the right way and this includes staying up on the latest installation techniques as well as having the right tools always in their equipment room ready to go. <br></p><p>The potential for growth in this business is virtually unlimited. The owner has purposely kept the business from expanding into neighboring areas as he didn't wish to let it get too big, but a new owner should consider expansion as this top-tier and long existing business is well known throughout the region. Data Centers are a main driver of increased power requirements going forward and this requires a shift toward projects that demand high voltage infrastructure and utility coordination. This creates an even greater need for a large sized electrical contractor such as this one which has the capacity and manpower to handle these larger jobs. Alongside rising demand, grid congestion and long connection lead times are reshaping how power is delivered creating new projects such as On-site Generation and Battery Storage to improve resilience and flexibility. <br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity