$1,000,000+ Income & Growing in Sarasota, FL!

Sarasota, FL (Sarasota County)

$1,000,000+ Income & Growing in Sarasota, FL!

Asking Price:$4,731,650

Cash Flow:$1,212,816

Gross Revenue:$4,700,842

EBITDA:N/A

FF&E:$120,000

Inventory:$60,000*

Real Estate:$731,250

Established:2004

*not included in asking price.

$1,000,000+ Income & Growing in Sarasota, FL!

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Business Description

Electrical Contractor in Florida’s Number One growth area and in the USA’s top 20 says it’s time to retire! This outstanding opportunity, specializing in high-end luxury homes, has a flawless track record, great reputation with very clean books and tax returns.
The Sarasota/Manatee County area has literally tens of thousands of residential units planned to be built in the next ten to fifteen years. This includes single family homes, many in upscale in-land waterfront areas, on the barrier islands and exclusive gated communities. There is enough work in progress right now, in the backlog pipeline, plans to be bid with thousands more to come for this business to grow for many years, plus there are no slowdowns because of cold winter weather. Due to the area growth, a major I-75 interchange is being totally rebuilt with another to follow.
This is a destination place to live, shop, play, work and for some, retire. There’s a new regional enclosed shopping mall just over a year old, new dinner-movie theatre, new hi-rise hotels, condos and apartments just built with several more to come, new entertainment district planned, tons of new restaurants and sports venues. Our beaches are top rated too!
As the area grows so will this opportunity. This Electrical Contractor does complete home wiring, exterior landscape lighting, home entertainment systems, low voltage systems, whole house backup generators plus fire and security installation. Additionally, this opportunity does commercial electrical work, repairs, service and operates from its own building which is included in the sale price.
If you’re qualified but not Florida Licensed, the seller will keep his license in place for the time necessary and will remain available for an extended, agreed to, period of time to assure a smooth transition. This business has been pre-approved for bank financing to a highly qualified buyer. Distant prospects don’t hesitate; a conference call can be easily arranged. This business should visa qualify for foreign buyers. For more information, call Lew Shapiro, 941-356-2586. View additional listings at www.FloridaBO.com

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
45
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Free standing building in gated industrial park.
Support & Training:
2 weeks at no cost
Reason for Selling:
Retirement

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