Consistent profits near a half-million! Situated along the central-east coast of Florida, specialty contractor provides electrical work with constructions accounting for 45% of business while repair services and quality maintenance makes 56% of sales. Experienced in renovations and remodeling projects for both residential and commercial applications, their lighting services help homes and corporations feel warm and inviting. Functioning at full capacity with lots of production, hiring more employees would allow company to service a bigger radius, as no individual client makes more than 15% of the annual income, thanks to four decades of varying clientele! Found in excellent condition, the center of operations is a leased warehousing facility that includes office space and production areas. A skilled team of eleven nonunion employees with managers in place is most likely to remain post-sale and continue owner-involved functions after a smooth transitioning period., Buyer must note an Electric License is mandatory for purchase and should have a licensed qualifier. Benefiting from historical profit margins well above industry standards of 20%, Projections for 2024 reach up to $1.6 Million, as Revenues in 2023 total $1,399,941 next to Discretionary Earnings of $555,222 and EBITDA’s up to $408K. Flexibilities for optimizations allow potentials in taking revenues to the next level through aggressive advertising and networking. Using minimal marketing efforts besides a website and social media pages, verbal referrals from a large and repeating customer base can back up beneficial expansion plans for a three-county region that maximizes access. Based on an independent evaluation!
- Asking Price:
- $1,700,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,399,941
- Cash Flow:
- $555,222
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Holds a monthly tenancy of $1,598.
- Premises Details:
-
Inventory range from $3,000 to $5,000.
- Size in square feet:
- 2,500+/-
Business Operation
- Reasons for selling:
-
Approaching retirement.
- Trading hours:
-
Monday to Friday 8AM - 4:30PM.
- Employees:
- 11 nonunion.
- Years established:
- 1982
Other Information
- Support & training:
-
Managers in place to continue owner-involved operations after a smooth Owner Transition period.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Standard SBA-term financing will be negotiable for qualified buyers.
- Furniture / Fixtures value:
- $178,000 - included in the asking price
- Inventory / Stock value:
- $5,000 - included in the asking price
