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40+ Year Electrical Contractor Business Available For Sale

Pasco County, FL
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Asking Price:$450,000
Gross Revenue:$1,248,193
FF&E:$80,000
Established Year:1982
Cash Flow:$245,298
Inventory:$15,000
Real Estate:$995,000
Listing ID: 2123606Listing provided by BizBuySell
BUSINESS DESCRIPTION

We are thrilled to present an exceptional investment opportunity of purchasing a longstanding Residential and Light Commercial Electrical Contractor business. This established electrical company and property are now available for sale (real estate is extra to asking price), and we invite you to be a part of this thriving, historic business. After 40 years of successful operations the owner is ready to retire and pass this on to the next generation of ownership. The real estate is not in need of purchase and a lease arrangement could be put in place unless other alternative locations exist for this acquisition.

DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Owned
Building SF
5,200
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Owner built the building for company headquarters in 1991 and has been based there since. Currently pays rent to their personal holding company as well as a collects rent from additional tenants for additional revenue upwards of $5,000/month (not included in business income). Includes 5 fleet vehicles, tools, and equipment.
Competition
Ample competition in the area with a variety of electrical contractors but few that have been around for 40+ years that have extensive network of builders.
Growth & Expansion
Owner currently turns down work due to excessive demand and ready to slow down for retirement.
Support & Training
Owner willing to stay on as long as needed, at pre-determined rate, to assist in the transition.
Reason for Selling
Retirement
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James
Bailey
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James Bailey
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