Established Electrical Contractor For Sale

Business description

The Company is a full service Electrical Contractor for all Commercial and Industrial projects from low voltage systems used in Voice/Data projects, to industrial system voltages up to 600 volts, to high voltage (Primary) systems of 13,200 volts or higher. The company is licensed by both Miami-Dade County and the State of Florida as unrestricted Electrical Contractors. Since its founding in 1973, the Company’s unwavering commitment to employing only the highest quality personnel and on-time project delivery, has made it one of the most respected and fastest-growing competitors in the Florida market. The Company’s product mix is among the most extensive in the market. The range of conventional products includes lighting, fire alarms, generators and door security systems. They specially pride themselves on tackling unusual projects or projects with very tight time lines. The firm has completed extensive work for the gaming and entertainment industry as well as governmental defense projects.

Property information

Location:

Large warehouse commercial facility located in Miami area with well known tenant that occupies a fair share of the facility. Current tenant willing to sign a long-term lease, currently on a month-to-month. The property is owned by the seller and is also available for purchase for $2.1M

Other information

Expansion potential:

The company has of the last few years entered into voice data field which has been the companies current focus for future growth opportunity. In addition, the fiber optics market is also booming as the digital infrastructure is being set for the next decade. The company has invested heavily in training the personnel to service this need. Currently, voice-data services account for less than 10% of the company’s sales. However, the growth of the company is being driven by the voice-data market. In particular, the federal IT spending is greatly expanding.

Competition / Market:

The commercial electrical market is directly correlated to the overall commercial construction market. Thus, the forecast of the electrical contractor industry needs to be centered on the overall commercial construction environment. According to the department of commerce from the Jan-Oct'07 period the residential construction market fell 16.5% from the same period in the previous year. At the same time non-residential construction experienced strong growth of 15% on average. Public construction increased 12.1% and private construction increased 17.3%.

Support & training:

Owner willing to stay on board for 12-18 months

Reasons for selling:

Retirement

Financing available:

Owner financing available