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North Florida Electrical Contractor For Sale

Not Disclosed, Florida, US
Asking Price:
$8,765,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$9,831,775
Cash Flow:
$3,010,801

A long-standing and very successful electrical contractor licensed in Florida, Georgia, and Alabama. Highly competitive business operating within 100 miles of the company’s headquarters but has served clients as far as Auburn, AL, and Naples, FL.

A classic turnkey opportunity for a seasoned Electrical contractor, as Seller only spends about 15 hours a week at this business (almost an absentee owner.) Exceptionally well-trained staff of over 60 highly skilled and motivated employees in place. Superb reputation with commercial and residential clients.

The company does virtually no advertising as the customer base continues to expand through referrals and repeat customers. Rock solid business with long-term office staff and well-trained field personnel in place. Pristine books. This listing is a gem!

Property Information

Real Estate:

Real Property Included

Premises Details:

The company owns and maintains Real Estate and two buildings which are included in the Total Sale Price of the business. The front building has 10,570 sf composed of 5,040 sf of office and reception area, and 5,530 sf of warehouse. The rear building is 1,350 sf and is a story and a half. There are 900 sf on the first floor of storage, and 450 sf and a 1 bedroom/1 bathroom apartment upstairs.

Business Operation

Expansion Potential:

This company receives multiple bid requests daily from potential new customers all across the US. The potential for growth is very substantial. However, the owner seldom seeks or accepts these lucrative new job opportunities. This is primarily due to the fact that he has not grown the business larger, only because he wishes to remain virtually absentee. Nevertheless, he has been very successful in servicing the North Florida region his company has very successfully served for over 20 years. Recently, several older companies that were competitive have closed their doors due to retirement, which has increased the need for more electrical contractors in his area. This region of North Florida is ripe for a new owner to take over this company and benefit from the very substantial demand for electrical contractor services. New construction, both commercial and residential is very strong and shows no sign of slowing down.

Competition / Market:

This company does a lot of design-build type work, which means they are part of the design, the budgeting, then the execution of the work. This is the best type of work to do because there is rarely any competition. Plus, by working with commercial clients from the inception of a project until completion, they have the opportunity to make recommendations and suggestions which can lead to an increase in a project’s impact and scope which ultimately creates additional work hours and greater sales revenue. This business has consistently been considered one of the top 5 electrical contractors in the entire SMSA in which they operate. They are highly respected for electrical contracting servicing for several key reasons: customer satisfaction, repeat customers, word-of-mouth referrals, reputation for being highly skilled, providing excellent service, and paying attention to details!

Reasons for selling:

To seek other business opportunities.

Trading hours:

Monday-Friday 7am-4pm

Employees:
62 FT
Years established:
27

Other Information

Support & training:

Will train for 15 weeks @ $0 cost.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$7,765,000 down/$1MM over 60 mos. @ 7%.

Furniture / Fixtures value:
$1,306,469 - included in the asking price
Inventory / Stock value:
$850,000 - included in the asking price