220K Down 600K Net SBA Pre-Qualified Electrical Contracting Company
Volusia County, FL
| Asking Price: | $2,200,000 |
| Gross Revenue: | $4,100,000 |
| Rent: | $1,200/Month |
| FF&E: | $250,000 |
| Cash Flow: | $625,000 |
| Inventory: | $100,000 |
| EBITDA: | $625,000 |
| Established Year: | 1990 |
Listing ID: 2236182Listing provided by BizBuySell
BUSINESS DESCRIPTION
Long established family owned very profitable Electrical Contracting Company. Very profitable with excellent reputation, and an abundance of work. SBA pre-qualified at asking price with 10% down. Owner looking at retiring after many years. Master Electrician may stay on to ensure smooth transition for up to 2 years part time with pay. Many different customers, not dependent on one or two clients. Very low customer concentration.
DETAILED INFORMATION
Location
Volusia County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,400
Lease Expiration
01/05/2029
Employees
21
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Seller is willing to lease office and warehouse space below market for the first year. Excellent facility with offices and warehouse for the business.
$1200+tax for the first year
$1900+tax for the second year
$2400+tax for years three through five (this is based on current market rates in our area of $13-14/sf. x 2,400 sf. annually)
Competition
Family-Owned and Operated: They have been serving Volusia and Flagler Counties since 1990. they are experts in electrical work for residential or commercial properties, Professional and knowledgeable electricians are on staff. Seller currently has an abundance of business.
Growth & Expansion
New owner can expand to other types of electrical work that seller prefers not to do.
Financing
SBA pre-qualified with 10% down
Support & Training
Seller wants to ensure that business continues and will remain on staff
3 months without pay to transition to new ownership. Seller would like to remain part time in the business after the 3 months with hourly pay negotiable.
Reason for Selling
Owner retiring
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