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BUSINESS FOR SALE - PROFILE #  42360047

Electical Services Contractor
Hillsborough County, FL

Asking Price: $1,300,000   Down Payment: $325,000  
Gross Revenue: $2,553,490   Adj. Cash Flow*: $576,072  
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Executive Summary
Established for 20 years, this company is a very profitable service/repair electrical contractor in Hillsborough County, FL.  The vast majority of work is residential and light commercial SERVICE work, with almost no reliance on new construction. This translates to steady, predictable cash flows and less cyclicality. Company has an experienced team of 28 staff (4 managers) and can field 11 service crews at a time.    Great bolt-on business for existing electrical contractor, add diversity to a plumbing or AC company, or for an owner operator to enjoy a time-tested, proven business with repeat clients and consistently high profit.   Owner provides high level supervision, invoicing, and problem solving. Co-owner (spouse) manages billing and some HR.

Acquisition Highlights

  • Competition is typical for the service contractor industry. The company outperforms competitors based on its large installed base (20 years), well-oiled operational processes resulting in superior service delivery, and abundance of 5 star reviews (over 600 reviews online), A+ rating from BBB, and Superior Service Award from Angie‚Äôs List for the past 7 years in a row. Most competitors rely on construction for the bulk of revenues and are not as organized to deliver a quality service experience, nor do they have the expansive 20-year customer base to draw upon.
  • M-F, 8-5
  • The business is located on approximately two acres; is improved with a 4,000 square foot warehouse building that has an approximate 600 SF office space; as well as an approximate 800 SF modular office space. Property can be leased for $2750/mo NNN, plus sales tax. Owner will consider sale of property as well
  • Financing Information:  SBA preapproved with 25% down
  • Training Information:  4 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1996 Inventory: $15,000 Included
Employees: 23 FT, 4 Mgrs Furniture, Fixtures & Equipment: $200,000 Included
Lease/Rent: $2,750 Real Estate: $450,000
Building Sq Ft: 4800
    Total Assets Included in Sale: $215,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Tim Bellon
Phone:  (813) 260-3127
E-mail:  tbellon@vrsouthshore.com
VR Business Brokers - Apollo BCH, FL
200 Frandorson Circle
Suite 200
Apollo Beach, FL 33572
www.vrsouthshore.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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