In Miami, Florida, Established Electric Installation Company for sale.

Seller Financing Available

For sale in Miami, Florida, Established Electric Installation Company specialized in residential and commercial new construction.
Since 1995, 29 years in business, with a very good reputation built on quality, good service, and professionalism, have created a long-term customer relationship.
The company works with local builders, architects, and interior designers on a regular basis.
Most of the work performed is residential New Construction along with some light commercial.
About 80% of their customers are repeat customers of over 29 years, showcasing the trust and satisfaction they have built.
The company has approximately $2,500,000 in newly signed contracts, and other project quotes are still under client review for potential awards.
Very important Business Highlights:
- In business for 29 years
- Services mainly just in South Florida.
- Projected to do in 2025 +/- $ 6,900,000
- Ownership:
2 owners are involved day-to-day in the business (in the field, sales, purchases and estimates).
- Employees:
As of December 2024, 25 employees are on the payroll and as Subs.
Great retention with the employees.
- 10% service/remodel and 90% New Construction.
- Advertising is not needed in order to bid on new projects
- 8 company vehicles (free of debts) included with the sale
- Contracts awarded for at least next 3 years
- Inventory: +/- 175,000 Included in the asking price
- SBA approved for $ 2,471,000. We can provide SBA lender information.
- Seller Note: $ 149,750 (Owner finance)
- Prospect Buyer Down Payment: $ 374,250
- Transition period:
Owners will stay on to make sure everything is smooth before leaving (60 days)
- Reason for the sale:
Owners retiring.

Financial Figures for Tax Return:

2023 Tax (1120-S):
- Gross Sales: $ 6,700,630
- Ordinary business income: $ 333,782
- Total Addbacks: $ 599,648
- Total SDE: $ 933,430

2022 Tax (1120-S):
- Gross Sales: $ 4,715,274
- Ordinary business income: $ 336,607

2021 Tax (1120-S):
- Gross Sales: $ 6,598,870
- Ordinary business income: $ 404,664

Asking Price: $ 2,995,000

Facilities:
Warehouse with office, very practical location, with direct access to very convenient highways and roads.
Sq Ft warehouse: 4,000
Sq Ft office: 1,000
Monthly rent payment: $ 6,990.00
Long term lease contract with renewal options.

All prospective buyers will be asked to present real Proof of Funds available on banks.

For more information contact:
Jose Carlos Perez
Businesses Acquisition Consultant.