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Electrical Contractor with Great Reputation


Listing ID: NAPFL001-N45

Listing Title: Electrical Contractor with 730K Cash Flow For Sale

Business Name: Withheld

Address | Street: Withheld, Withheld

Florida, USA Zip | Postcode: Withheld

NAIC Code(1st): 238210 (Electrical Contractors)

Reason for Sale: Semi-Retirement—Pursue New Ventures outside of Electrical Contracting

 

Location Info

Year Established: 2011 Building Size: 6000

Year Business Acquired: n/a Parking: n/a

Days Open: n/a Employees: FT: 105 PT: n/a

Business Hours: n/a

 

Financial Information

Asking Price: $2,700,000.00

FF&E Included: Yes

Annual Receipts: $11,432,450.00 FF&E Asking: $685,782.00

Annual Cash Flow: $730,317.00 Payroll: $0.00

Downpayment: $0.00 Inventory Asking: $187,316.00

Total Monthly Rent: $5,100.00 Inventory Included : Yes

Financing Comments: For the right buyer, Seller will consider Seller Financing for a small portion of the sale price

 

Description:

 

Electrical Contractor with great reputation in Southwest Florida region

offered at $2,700,000. Offering includes $686K in FF&E and $187K of

Inventory, full bench of competent staff, consisting of skilled/experienced

techs, installers, and administrative staff. With several very large,

recurring, and referral-based customers in the books, the business is

experiencing exponential growth Year Over Year, and is poised to

continue its upward trajectory.

 

Note: Owner’s Benefit is $730k at the end of 2018. For the right buyer, the

seller will consider holding a note for a small portion of the transaction.

Due to the unique nature of this business and the variety of acquisition

structures that the Seller is willing to entertain, it will be assumed that the

Purchaser and/or advisor of the Purchaser will possess sufficient financial

sophistication to determine value and submit an offer to purchase.

 

Competition Description: Business has very few competitors that can service the same scale of

work, and their reputation stands out as the best for quality, service, and

professionalism. While the competition struggles to find labor, this

business has a waiting list of potential employees who are eager to work

for this company.

 

Growth/Expansion Overview: There is tremendous opportunity to grow and expand the company, as

the company has never spent a dime on advertising.

 

Support/Training Comments: Sellers are open to discuss staying in place and training the new owners

for as long as necessary, as to provide for a smooth transition post sale.

 



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Background information

Reference:

NAPFL001-N45

Year established:

2011

Reason selling:

Semi-Retirement--Pursue New Ventures outside of Electrical Contracting

Finance

Sales:

$11,432,450

Profits:

$730,317

Profit type:

Discretionary Earnings

Operations

Employees:

105 FTE including owners

Equipment:

FF&E: $685,782

Inventory:

$187,316

Premises

Square footage:

~6,000 SqFt

Rent and lease terms:

$5,100/Mo Lease. 5 Year w/ approx 4 years remaining

Opportunities

Growth:

There is tremendous opportunity to grow and expand the company, as the company has never spent a dime on advertising.

Price and terms

Price:

$2,700,000

Down payment:

$270,000

Financing:

For the right buyer, Seller will consider Seller Financing for a small portion of the sale price

Training:

Sellers are open to discuss staying in place and training the new owners for as long as necessary, as to provide for a smooth transition post sale.