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Electrical Contracting Business in Florida! (37706)

ConstructionFor Sale in FL

Listing ID: Electrical Contracting Business in Florida! (37706) | Broker Listing ID: BLP531870

Financial & Assets Details

$2,800,000
$450,000
$158,866
$46,760
Yes
$720,000
7200+/-

About the Business

1987
26 nonunion.
$1,300
Yes

Business Description

Located on East Central Florida, listing provides electrical contracting for home builders and designers of Residential (90%) and Commercial (10%) projects within the surrounding county. Started in 1987, the services include system installations for new houses, retail stores, private offices and industrial buildings, schools, hotels, and restaurants among others. Headquarters has 2,400 square feet of space situated within a 7,200-sq.ft. facility that is available for optional purchase. With room for administrative and warehouse purposes the Property is in excellent condition. Located in a desirable area, the property, which includes a storage yard, has a monthly lease of $1,300. It is zoned for commercial use and capable of handling additional capacity. The 26 nonunion, skilled employees with field experience will stay post-sale, and the seller will continue hands-on operations during the transitioning process. Apart from maintaining a website and social media presence for promotion, the marketing efforts center on signages and referral sources backed by a large recurring customer base. Gross Profits increased over $1M in 2020 despite pandemic difficulties, as Revenues reached amounts of $2,800,000 alongside Seller Discretionary Earnings of $450,000. Based on an independent evaluation!

Seller Financing

Financing can be negotiable for the appropriate buyer.

Location Details:

Receivables of $231,815 are included in Sale!

Support & Training

Standard owner transition period.

Reason for Selling:

Approaching retirement and/or pursuing other interests.

Listing ID: Electrical Contracting Business in Florida! (37706)

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