Est. Traffic Signal Co. $10M Contract WIP/ SBA Only $279K Down!

Florida

Sale Pending

Asking Price:	$1,555,000
Gross Revenue:	$3,490,058
Rent:	$3,500/Month
Established Year:	1995

Cash Flow:	$477,859
Inventory:	$20,000
FF&E:	$350,850

Listing ID: 2185102Listing provided by BizBuySell

BUSINESS DESCRIPTION

Well established and respected Traffic Signal Co. with great reputation for expertise in traffic signal technical skills and quality work. Company has close relationships with clients consisting of road builders, regional counties, cities and FDOT. Main revenue comes from road builders where traffic signals are impacted. Company has a monthly contract in place with a county paying a fixed fee per traffic signal. Business is absentee owned with management in place that's aware of the sale and willing to stay on with new ownership. Limited competition and $10M in contracts. Independent 3rd Party Business Appraisal performed for asking price. Recently SBA Pre-qualified with only $279K down that includes $250K in working capital at closing!

Note: Revenue and cash-flow numbers 2023 P & L.

DETAILED INFORMATION

Location

Florida

Inventory

Included in asking price

Real Estate

Leased

Building SF

2,500

Lease Expiration

31/10/2028

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Business is located in a 2500/sqft. leased office & warehouse space with sizeable land space. Current lease expires 10/2028 and has a 5 year option.

Competition

Only 2 main competitors in the market area. Although able to work throughout Florida, Georgia and Alabama, they primarily service within their area.

Growth & Expansion

The company's bidding jobs every week in a very robust market and expects to experience future growth of 5% for the foreseeable future. Currently over $10M jobs under contract to be installed.

Support & Training

Seller will stay on for a period of 30 days as part of the sale at no cost for a smooth transition. Also support of the manager in place who runs the day to day operations.

Reason for Selling

Seller looking to retire.

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