MergerPlace

High Profit Elec. Service Contractor

Tampa Bay, Florida (Hillsborough)


  • Asking Price: $1,300,000
  • Gross Income: $2,553,000
  • Cash Flow: $576,000
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $200,000
  • Listing ID: #200275
  • Established: 22
  • Employees: 27

Business Description

Established for 20 years, this company is a very profitable service/repair electrical contractor in Hillsborough County, FL. The vast majority of work is residential and light commercial SERVICE work, with almost no reliance on new construction. This translates to steady, predictable cash flows and less cyclicality. Company has an experienced team of 28 staff (4 managers) and can field 11 service crews at a time.

Great bolt-on business for existing electrical contractor, add diversity to a plumbing or AC company, or for an owner operator to enjoy a time-tested, proven business with repeat clients and consistently high profit.

Owner provides high level supervision, invoicing, and problem solving. Co-owner (spouse) manages billing and some HR.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Florida
Metropolitan Area: Tampa Bay
County: Hillsborough

Company Information

Year Established: 22
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 27

Financial Information

Asking Price: $1,300,000
Gross Revenue: $2,553,000
Cash Flow: $576,000
FF&E: $200,000
Inventory: $15,000
Seller Financing Available: No

Property Information

Facilities:

The business is located on approximately two acres; is improved with a 4,000 square foot warehouse building that has an approximate 600 SF office space; as well as an approximate 800 SF modular office space. Property can be leased for $2750/mo NNN, plus sales tax. Owner will consider sale of property as well.

Growth & expansion opportunities:

Expansion outside the immediate service area to neighboring communities, Expand into construction while the opportunity is strong.

Competition:

Competition is typical for the service contractor industry. The company outperforms competitors based on its large installed base (20 years), well-oiled operational processes resulting in superior service delivery, and abundance of 5 star reviews (over 600 reviews online), A+ rating from BBB, and Superior Service Award from Angie’s List for the past 7 years in a row. Most competitors rely on construction for the bulk of revenues and are not as organized to deliver a quality service experience, nor do they have the expansive 20-year customer base to draw upon.

Reason for selling:

Retirement from industry, change of life

Support & Training:

4 weeks at no charge. Seller will remain under employment agreement if needed for up to 12 months.

Contact Business Seller

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Business Listed By:

Chris Gutierrez

VR Business Sales of South Tampa