Listing Number: 6401-969744
Description
Commercial electrical contractor established 47 years in SE Florida. Specializing in all phases of the electrical industry with an emphasis on large commercial such as: Banking, Education, Government, Hotels, Industrial, Medical, Parking, Recreational complexes etc.
Experienced project managers with foreman and journeyman electricians, along with their technical and financial resources, allow them to complete projects on time and within budget. The company maintains the financial, management, and field labor resources to serve this niche construction sector, with a repeat existing customer base as well as many new customers. The company is well structured with management, office administrator, six field supervisors plus 21 experienced long tenured employees.
The 2024 YTD Gross sales (April-Sept) is already at $5.9M with an EBIDTA of over $2M and are on target to complete around $10M in revenue by end of fiscal year, with an annualized EBITDA of around $3M.
The sale includes over $300k of assets, $1M in account receivables and a $9M plus pipeline of contracts that will rollover into 2025/2026 fiscal year.
Listing Details
- Price: $ 7,995,000
- Down Payment: $1,223,595
- Sellers Discretionary Earnings: $ 3,152,095
- Total Sales: $ 10,105,198
- Location: Broward County, Florida
- Inventory: $ 0
- FF&E: $ 307,634
- Employees: 29
- Year Established: 47
- Reason for Selling: Retirement
- Category: Construction
