17696 – Electrical System Builder with Multiplying Revenue!
ConstructionFor Sale in FL
Financial & Assets Details
About the Business
From the Northern East Coast of Florida, listing provides the complete electrical system design, build and schematic services for large, high-profile retail infrastructures surrounding its geographic area. Acquired in 2007 with a thriving reputation and nationwide relationships among chain stores, company also provides consultations and lighting projects, specializing in government (DOD) military, commercial or industrial applications. Headquarters is a 2,800 square foot office space found in prime condition that is available for purchase separate of asking price, property is able to handle extra capacity for any interests in expansion. Benefited by a good staff in place of 21 nonunion employees with field experience, new ownership can hire a general manager to adapt current operations as absentee-focused during a standard transition period, if needed. While marketing efforts rely on proven-effective referral sources that are strongly backed by a recurring customer base, growth opportunities exist to further attract possible clients on this front. 2020 Revenue $3.6M and $1.024M in SDE. $8,142,829 in Total Revenues for 2019 along with $2,639,204 in SDE. Based on an independent evaluation company future earnings going forward are simply dependent on additional hiring and travel outside its location. Travel is the only thing stopping growth as the owner does not wish to. Based upon 24 TTM, this business is drastically underpriced to sell. Seller is concerned about legacy, so buyer fit is key. With a 33% net profit, simply travel outside the area with existing government contacts and the company can grow explosively. Price to sell; way under market. With $1,831,600 average earnings the past two years, this business should be priced at least $7.32M or four times.
10% Seller Note with SBA Pre-Approved.
Property is available for optional purchase.
Support & Training
Standard transition period, if needed.
Reason for Selling:
Approaching retirement and/or pursuing other interests.