Electrical Contractor

Lee County, FL

Electrical Contractor
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Asking Price: $445,000

Cash Flow: $204,100

Gross Revenue: $866,400

EBITDA: N/A

FF&E: $40,000

Inventory: $10,000

Established: 1971

Electrical Contractor

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Business Description

Electrical Contracting Business established in 1971 by the current owner's father. There are two experienced and long-term electricians that are the primary revenue producers. The staff also includes office support and field help. The business services a large, multi-location, manufacturing/production business, which has locations locally as well as in other parts of the U.S. This electrical contractor is involved in most electrical work for this account. Additional key clients include mobile home parks, RV parks, communities, and individual businesses and home owners. This would be an ideal "add on" to an existing business, and the customer base and skilled employees would be great enhancements to another electrical contractor. The current owner is retiring; however, he will remain in the area and will work with new owner to ensure a smooth and successful transition. Note: The owner owns the building where the office is located, no rent is being charged currently.

Detailed Information

Location:
Lee County, FL
Inventory:
Included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business is managed from a 1,750 sq. ft. office suite. The business owner owns the entire building.
Competition:
This has been a family owned and operated business since the business was registered in 1971. The business has some key commercial accounts and targeted market segments. There are many large and small electrical contractors in the market. The niche businesses and accounts for this business provides a steady revenue stream.
Growth & Expansion:
The local population growth is projected to grow at 1.4% to 1.6% per year. The most challenging issue is finding skilled trades to provide the service to keep up with demand. Consolidating or acquiring other companies is viable option for companies to continue to grow profitably.
Support & Training:
Three weeks of transition/familiarization is included in the price. Owner's goal is to ensure a smooth transition to maintain current relationships.
Reason for Selling:
Retirement.
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(from currently available funds)
 
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Steve Niehaus

Business Listed By:
Steve Niehaus

Edison Business Advisors

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Sponsoring Broker:
Eric Gall

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