Status: Under Contract
Established, Fast-Growing, Profitable Electrical Contractor - Listing #: 55162
| Listing No: BBF-966-55162 | |
| Category | : | Construction | SIC | : | 1731 | |
| Detail | : | Contractor Electric | Price | : | 2,600,000 | |
| County | : | Collier | Down | : | 260,000 | |
| State/Prov | : | Florida | Disc Earn | : | 982,444 | |
| Country | : | USA | Sales | : | 1,737,829 |
|
The Company is an incredibly profitable electrical contractor with sustained growth that serves local general contractors with their single-family and multifamily residential and commercial projects and significant rewiring remodels. The Seller is agreeable to continue to qualify the business with his electrical contractor's license for the right Buyer. |
| Reason for Sale | : | Retirement |
| General Location | : | Southwest Florida |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 35 |
| : | Years Established: 35 Years Owned: 35 Emp FT: 7 Emp PT: 0 Mgrs: 3 | |
| Non Compete | : | Miles: 200 Years: 5 Weeks Training: 2 Cost: $0 |
| Operating dys/hrs | : | M-F 8-4 |
| Skills/Licenses | : | Master Electrical License |
| Business | : | Is Relocatable: N Is Home Based: Y Is a Franchise: N Is Lender P/Q: N Should Qualify For Visa: Y |
| Data Source | Tax Return | Tax Return | Tax Return | |
| Year (Cash Flow) | 2023 (N) | 2022 (N) | 2021 (N) | |
| Gross Revenue | 1,737,829 | 1,265,823 | 880,525 | |
| Cost of Goods | 1,109,711 | 830,420 | 696,079 | |
| Gross Profit | 628,118 | 435,403 | 184,446 | |
| Expenses | 175,807 | 145,215 | 105,417 | |
| Net | 452,311 | 290,188 | 79,029 | |
| Owner Salary | 50,000 | 50,000 | 50,962 | |
| Benefits | 0 | 0 | 0 | |
| Interest Expense | 1,889 | 14,687 | 0 | |
| Depreciation | 65,117 | 3,681 | 11,044 | |
| Other | 413,127 | 162,749 | 107,937 | |
| Discretionary Earnings | 982,444 | 521,305 | 248,972 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 15,000 | Y* | ___________ | 0 | N* |
| F F & E | 143,000 | Y* | Total Assets | 158,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: | Square Footage: | Building Type: |
| Terms & Options: | Expiration Date: |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 260,000 Mos: | 60 Rate: | 8.00 Mo Pmt: | 5,271.86 | |
| Loan/Other | - Amt: | 2,080,000 Mos: | 120 Rate: | 10.75 Mo Pmt: | 28,358.45 |
| FRANK CAMPOAMOR | Office | : | (855) 969-3534 | |
| ASSOCIATE | Fax | : | ||
| Home | : | (239) 404-9557 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 404-9557 |
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |