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Listing Number: 3664
Summary
State certified licensed Electrical Contractor serving Miami-Dade, Broward, Palm Beach and Martin Counties. This family owned business and its loyal experienced staff and highly competent licensed journeyman technicians, has served South Florida since 1988. This electrical company is focused on commercial business, specializing in the maintenance of parking lot site lighting and sign repair. Business continues to be generated by repeat customers who have relied on their service and reliability for many years. Inventory and trucks come free and clear and are included in the sale. Business has excellent books and record keeping and a large database of customers with detailed job locations. Looking for motivated buyer seeking potential business growth. 2020 numbers are annualized based on P&L statements through May 31, 2020 and owner's expected run rate for 2020.
- Category: Construction Businesses
- Sub-Category:
- Asking Price: $995,000
- Gross Sales: $1,610,156
- Cash Flow: $382,413
- County: Broward
- Area: Southeast Florida
- FFE: $499,077
- Inventory: $180,000
- Real Estate: $0
- Employees: 8 - Full-Time 0 - Part-Time
- Facilities: Warehouse/Office
- Relocatable? No
- Home Based? No
- Market Notes: Since 1988, this business has focused on parking lot site lighting services and sign repair. Continuing this strategy, with its outstanding customer service, are vital to the success of its business. According to IBISWorld*, the Electric Power and Systems Installation service industry will generate $193.7 billion in 2020, 72.9 % of industry is generated through nonresidential construction projects. Revenue is forecasted to increase at an annualized rate of 2.2% to $216.3 billion in 2025.
* March 2020 IBISWorld ( Brenna Butler ) - Growth Notes: Leveraging its goodwill, experience and customer service to add new customers from its existing database of 1000 customers and being poised to take advantage of the economic rebound. Expand its relationships/contracts with other municipalities throughout the SE Florida area.
- Support Training: Eight weeks at zero cost
- Year Established: 1988
- Financing Terms: SBA lending available to qualified Buyer with 15% cash injection
- Reason for Selling: Retirement
- Inventory Included: Yes
- Is Franchise No
- Lender Prequalified Yes
- Absentee Owner No
- Selling Financing? No
- Is FEE Included? Yes