TAMPA AREA HIGH/LOW VOLTAGE ELECTRICAL CONTRACTOR

Looking for a buyer.
With a 46% profit margin and over $1.3M in annual sales, this Tampa Bay electrical contractor is primed and ready to both solidify its presence in the industry and expand to bring in more clients. Established in 2015, the company made quick gains to build a client base of 50, with licenses to operate in Florida and Georgia. Services offered include the installation of electrical wiring, as well as installing data, phone, and low voltage wiring for Tampa Bay and the surrounding 2-hr drive radius. Current work includes partnering with a local construction firm for high/low voltage work, acting as a subcontractor for a national low voltage company (with work done for significant corporations), and doing the electrical work for a large marijuana dispensary. The company currently has a warehouse (at 1,200 sq ft), with all non-field work done in the owners’ home office.

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 contractors takes about 1-2 months, with the average cost per project being $10,000.

Priced at $3,100,000, 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.

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