For sale in Miami, Florida, Established Electric Installation Company specialized in residential and commercial new construction.
Since 1995, (29 years in business).
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 general contractors 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.
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 (one in the field, and other in 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 price.
- 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
