For sale in Miami, Florida, Established Electrical Contractors Company
specialized in residential and commercial new construction..
Since 1995, 29 years in business, with a very good reputation built on quality,
good service, and professionalism, have created a long-term customer
relationship.
The company works with local builders, architects, and interior designers on a
regular basis.
Most of the work performed is residential New Construction along with some light
commercial.
About 80% of their customers are repeat customers of over 29 years, showcasing
the trust and satisfaction they have built.
The company has approximately $2,500,000 in newly signed contracts, and other
project quotes are still under client review for potential awards.
Very important Business Highlights:
– In business for 29 years
– Services mainly just in South Florida.
– Projected to do in 2025 +/- $ 6,900,000
– Ownership:
2 owners are involved day-to-day in the business (in the field, sales, purchases
and estimates).
– Employees:
As of December 2024, 25 employees are on the payroll and as Subs.
Great retention with the employees.
– 10% service/remodel and 90% New Construction.
– Advertising is not needed in order to bid on new projects
– 8 company vehicles (free of debts) included with the sale
– Contracts awarded for at least next 3 years
– Inventory: +/- 175,000 Included in the asking price
– SBA approved for $ 2,471,000. We can provide SBA lender information.
– Seller Note: $ 149,750 (Owner finance)
– Prospect Buyer Down Payment: $ 374,250
– Transition period:
Owners will stay on to make sure everything is smooth before leaving (60 days)
– Reason for the sale:
Owners retiring.
Financial Figures for Tax Return:
2023 Tax (1120-S):
– Gross Sales: $ 6,700,630
– Ordinary business income: $ 333,782
– Total Addbacks: $ 599,648
– Total SDE: $ 933,430
2022 Tax (1120-S):
– Gross Sales: $ 4,715,274
– Ordinary business income: $ 336,607
2021 Tax (1120-S):
– Gross Sales: $ 6,598,870
– Ordinary business income: $ 404,664
Asking Price: $ 2,995,000
Facilities:
Warehouse with office, very practical location, with direct access to very
convenient highways and roads.
Sq Ft warehouse: 4,000
Sq Ft office: 1,000
Monthly rent payment: $ 6,990.00
Long term lease contract with renewal options.
All prospective buyers will be asked to present real Proof of Funds available on
banks.
For more information contact:
Jose Carlos Perez
Businesses Acquisition Consultant.
Jose Carlos Perez 877-652-5224
