Established Electrical Contractor in FL

Financial & Assets Details

About the Business

Business Description

The Business was established in 1977, and it has taken great pride in offering customers the best service over the past 47+ years. It is a well-known and established electrical company in Central Florida that specializes in residential services with a large customer base. Their customers are loyal and represent considerable repeat business. Their typical job consists of replacing panels, re-wiring, and installation of fans & outlets. They also have some commercial sales typically small in scope.

The business is absentee owner operated and is a home-based business with rented storage space, as inventory is nominal due to a per job ordering process. The Company also owns a fleet of 4 fully equipped vans.
There are two owners, husband and wife, with one owner holding the license for the Company. They are supported by two full-time office support employees, three W-2 technicians, both full-time, and two full-time 1099 Technicians.

The Business offers all electrical service work for residential and commercial customers. Their work includes but is no limited to: Recess Lighting Installation/Replacement, Panel Replacement/Breaker Replacement, Ceiling Fans Installation/Replacement, Car Charger Installation/Repair, Outlet & Switch Install/Replacement, RV Outlet Installation, LED Light Conversions, Smoke Detectors, and Hot Tub Wiring.

The new owners can reasonably expect to continue to build their client base through organic growth as the business model is fully expandable. They can create a comprehensive strategy to enhance its operations and market presence.

A new owner will inherit:

A strong respected brand with strong local business with a lot of potential to expand.
A leading reputation for product quality and pricing. With 47 years in business, the Company has established a stellar reputation for integrity, superior pricing, and genuine concern for its clients and their business model.
Potential for strong growth on top of present customer base. A new owner can bring fresh energy and enthusiasm to the company. The Company has a loyal, diverse base of clients, where referrals are a major source of new business.
Limited debt or other long-term financial, or legal complications.
A cash-flow-positive operation. The Business is well-managed and profitable.
Strong internal operational systems and processes
Strong relationships with suppliers, vendors, and professionals. Suppliers and industry professionals respect the Business
According to IBISWorld Electricians' revenue has been inching upward at a CAGR of 0.9% over the past five years and is expected to total $255.4 billion in 2024, when revenue will rise an estimated 1.3%. Profit will drop due to rising labor and materials costs. Over the next five years, electricians' revenue will likely grow at a faster rate. As inflation cools, the Federal Reserve will eventually cut interest rates over the course of the next five years, benefiting the housing market. Electricians will also find work in sustained renovation activity and green energy upgrades. Production and manufacturing activity will also rise, providing electricians with another booming market. Electricians' revenue is expected to expand at a CAGR of 2.3% to reach $286.1 billion in 2029.

Growth & Expansion

Excellent growth

Reason for Selling:

Retirement