Electric contractor - absentee owner business

Manatee County, FL

Electric contractor - absentee owner business

Asking Price:$1,650,000

Cash Flow:$426,230

Gross Revenue:$3,114,013

EBITDA:$426,230

FF&E:$250,000

Inventory:$10,000

Rate/Sq. Ft.:$12.00

Established:1966

Electric contractor - absentee owner business

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Business Description

An excellent investment opportunity

Established for 50 years, absentee owner business. Will generate even more income for licensed electrician owner. License qualifier and management team is in place. Very healthy A/R. Little working capital requirements. Suppliers deliver materials to job site and bill for it later. Mixture of commercial and residential jobs provides smooth cash-flow. Excellent accounting records. Remote access to accosting system is available. Excellent investment opportunity. Ideal for L-1A or E-2 visa.
There are two options for financing - debt assumption in amount up to $400,000 and Seller financing in amount of $260,000.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
3,000
Lease Expiration:
1/31/2020
Employees:
32
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This contractor runs 15 fully equipped crews.
Competition:
Rapidly growing market.
Financing:
260000
Support & Training:
There is a management team in place. Owner is willing to stay around for a while, but it is really nominal, since he is already an absentee.
Reason for Selling:
other interest

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Nikolay Safonov

Business Listed By:
Nikolay Safonov

Florida Buy and Sell

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