Looking for a buyer.
This electrical installation company works with 100% commercial clients and boasts an average 47% profit margin! The current owners benefit from a low-overhead at their current 1,200 sq. ft. warehouse. With this purchase, a buyer would also be receiving $317K in assets, which includes $235K in vehicles, $12K in equipment, and $70K in A/R. This well-established high/low voltage cable installation company already has $950,000 in project backlogs for 2022! Their experienced crew provides excellent service, working with large, nationally-known retail clients. With their well trained staff, this company extends their services to 50 solid clients which includes local commercial construction firms, and subcontracting work for a national low voltage company. Most of the owners’ responsibilities can be absorbed by staff members to allow for more passive ownership. This company has licenses to work in both Florida and Georgia, with their main service area spanning 2 hours from their home base in Tampa Bay, Florida. Services provided include high/low voltage cable installation, pre-construction design, generator installation, and troubleshooting for electrical, structured cabling, building controls and security, and life safety systems. The two owners are married, with one acting as president of the company (and handling the A/P and A/R work, permits, and other office tasks) while the other owner acts as the vice president, handling the purchasing of materials for projects, and doing the estimating for forthcoming projects. There are currently 6FT field technicians for installation work, with 2 PT office employees. The amount of field technicians employed varies depending on the project load. The current process for obtaining contracts takes about 1-2 months, with the average cost per project being $10,000. Priced at $1,490,000, after debt payment the buyer would see a return of $449,499 in the first year after debt payments! This contractor provides a new owner with an experienced crew and client base that can not only continue its significant work in the commercial sector but also expand greatly into the residential market.
Tampa, FL, USA
Tampa, FL, USA
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