MergerPlace

Electrical Contractor Established 36 Yea

Florida


  • Asking Price: $1,195,000
  • Gross Income: $1,724,323
  • Cash Flow: $476,565
  • Real Estate: Not Disclosed
  • Inventory: $12,000
  • FF&E: $118,000
  • Listing ID: #226617
  • Established: 1985
  • Employees: 10

Business Description

The 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. The lender will provide $150K in working capital. A/R’s average 30-60 days. Please refer to listing number 6401445907, business broker Max Crescenzi 561-758-4241 when inquiring about this listing.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Florida

Company Information

Year Established: 1985
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 10

Financial Information

Asking Price: $1,195,000
Gross Revenue: $1,724,323
Cash Flow: $476,565
FF&E: $118,000
Inventory: $12,000
Seller Financing Available: Yes

Property Information

Facilities:

Lease/Month: 2000 Square Footage: 2000 Building Type: Office warehouse Terms & Options: Annual renewals Expiration Date: 12/31/2021

Competition:

Non Compete : Miles: 40 Years: 5

Reason for selling:

Reason for Sale : Retirement

Support & Training:

Weeks Training: 4 Cost: $0

Contact Business Seller

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Business Listed By:

Max Crescenzi

Transworld Business Brokers of Central Florida