Established Electrical Company For Sale in Martin County, FL
| Asking Price: | $550,000 |
| Established Year: | 2002 |
| Cash Flow: | $265,898 |
High Potential Electrical Company
Established Electric Company For Sale In Martin County, FL
Asking Price: $550,000
Annual Figures: 2023
Gross Sales: $822,353
Net Profit: $265,898
Expenses: 2023
Total COGS: $297,718
Payroll: $302,436
Business Highlights:
- In business for 22 years
- Services mainly just Martin County and some St. Lucie County
- Projected to do $925,000 in 2024
- Does not have a physical location. Works from home.
- 1 owner is involved day-to-day in the business (some in the field, sales, estimates), 5 guys in the field, 1 part time office personnel
- 100% high end residential homes
- 50% service 50% new construction/remodel
- They do no advertising. All business comes from general contractors. Lots of growth potential!
- 3 company vehicles come with the sale
- Great retention with the employees
- Booked to the end of the year with jobs
- Fully approved by SBA lender. I can provide SBA lender information.
- Owner will qualify the business with his license or 1 of the Master Electricians in the company
- Owner will stay on for a transition period to make sure everything is smooth before leaving
- Reason for the sale: Owner is moving to a different state
2023 Addbacks
Officer Salary: $142,248
Personal Vehicle:
1/1/23- 4/1/23- $578.00 x 4 months= $2,312
4/1/23- Deposit on new Jeep grand Cherokee= $25,000
5/1/23- 12/31/23- Payments made on new Jeep $1,016.00 x 8 = $8,128
Total Addbacks = $177,688
NOI on 2023 P&L: $88,210 + $177,688 (addbacks)
True Net for 2023 = $265,898
2022 Addbacks
Total Interest Expense: $3,962
Officer Salary: $141,901
Personal Vehicle:
1/1/22- 12/31/22- $578.00 x 12 months= $6,936.00
Total Addbacks = $152,799
NOI on 2022 P&L: $78,279 + $152,799 (addbacks)
True Net for 2022= $231,078
2021 Addbacks:
Depreciation: $35,481
Total Interest Expense: $5,130
Officer Salary: $120,444
Personal Vehicle:
1/1/21- 12/31/21 Car payments made for Jeep Grand Cherokee= $578.00 x 12 months= $6,936.00
Total Addbacks = $167,991
NOI on 2021 P&L: ( - $8,732) + $167,991 (addbacks)
True net for 2021 = $159,259
