20+ Year Old Electric Company In Martin County, FL
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PLEASE READ ENTIRE LISTING
20+ Year Old Electric Company For Sale In Martin County, FL
Asking Price: $799,999
Annual Figures: 2025
Gross Sales: $1,108,646
Net Profit: $287,978
Business Highlights:
- In business for 23 years
- Services mainly just Martin County and some St. Lucie County
- Revenue for 2025 was over $1,100,000.
- Does not have physical location. Works from home.
- 1 owner is involved day-to-day in the business (some in the field, sales, estimates), 5 guys in the field, 1 part time office personnel
- 100% high end residential homes
- 25% service 75% new construction/remodel
- They do no advertising. All business comes from general contractors. Lots of growth potential!
- 4 company vehicles come with the sale
- Great retention with the employees
- There are jobs for 2026 that the buyer can take over
- Owner spent money to lower tax burden is the reason for the dip in net profit for 2025
- Fully approved by SBA lender
- Owner is willing to qualify the business but if you plan to go SBA then the rules have changed some which I can explain on a call, if needed.
- Owner will stay on for a transition period to make sure everything is smooth before leaving
- Reason for the sale: Owner is moving to a different state
From Tax Return:
2025: Gross: $1,108,646
Addbacks:
Compensation of officers: $164,747
Depreciation: $33,703
Rent: $32,375 (Vacation Home)
Health Insurance: $11,505
Simple IRA: $3,967
Ordinary business income: $41,681
Adjusted net income for 2024: $287,978
From Tax Return:
2024 Gross: $969,010
Addbacks:
Compensation of Officers: $150,331
Interest: $5,697
Depreciation: $57,253
Total Addbacks = $213,281
Ordinary Business Income: $167,403 + $213,281 (addbacks)
Adjusted net income for 2024 = $380,684
From Tax Return:
2023 Gross: $969,010
Addbacks:
Officer Salary: $142,248
Personal Vehicle:
1/1/23- 4/1/23- $578.00 x 4 months= $2,312
4/1/23- Deposit on new Jeep grand Cherokee= $25,000
5/1/23- 12/31/23- Payments made on new Jeep $1,016.00 x 8 = $8,128
Total Addbacks = $177,688
NOI on 2023 P&L: $88,210 + $177,688 (addbacks)
Adjusted net income for 2023 = $265,898
From Tax Return:
2022 Gross: $969,010
Addbacks:
Total Interest Expense: $3,962
Officer Salary: $141,901
Personal Vehicle:
1/1/22- 12/31/22- $578.00 x 12 months= $6,936.00
Total Addbacks = $152,799
NOI on 2022 P&L: $78,279 + $152,799 (addbacks)
Adjusted net income for 2022= $231,078
From Tax Return:
2021 Gross: $969,010
Addbacks:
Depreciation: $35,481
Total Interest Expense: $5,130
Officer Salary: $120,444
Personal Vehicle:
1/1/21- 12/31/21 Car payments made for Jeep Grand Cherokee= $578.00 x 12 months= $6,936.00
Total Addbacks = $167,991
NOI on 2021 P&L: ( - $8,732) + $167,991 (addbacks)
Adjusted net income for 2021 = $159,259
20+ Year Old Electric Company For Sale In Martin County, FL
Asking Price: $799,999
Annual Figures: 2025
Gross Sales: $1,108,646
Net Profit: $287,978
Business Highlights:
- In business for 23 years
- Services mainly just Martin County and some St. Lucie County
- Revenue for 2025 was over $1,100,000.
- Does not have physical location. Works from home.
- 1 owner is involved day-to-day in the business (some in the field, sales, estimates), 5 guys in the field, 1 part time office personnel
- 100% high end residential homes
- 25% service 75% new construction/remodel
- They do no advertising. All business comes from general contractors. Lots of growth potential!
- 4 company vehicles come with the sale
- Great retention with the employees
- There are jobs for 2026 that the buyer can take over
- Owner spent money to lower tax burden is the reason for the dip in net profit for 2025
- Fully approved by SBA lender
- Owner is willing to qualify the business but if you plan to go SBA then the rules have changed some which I can explain on a call, if needed.
- Owner will stay on for a transition period to make sure everything is smooth before leaving
- Reason for the sale: Owner is moving to a different state
From Tax Return:
2025: Gross: $1,108,646
Addbacks:
Compensation of officers: $164,747
Depreciation: $33,703
Rent: $32,375 (Vacation Home)
Health Insurance: $11,505
Simple IRA: $3,967
Ordinary business income: $41,681
Adjusted net income for 2024: $287,978
From Tax Return:
2024 Gross: $969,010
Addbacks:
Compensation of Officers: $150,331
Interest: $5,697
Depreciation: $57,253
Total Addbacks = $213,281
Ordinary Business Income: $167,403 + $213,281 (addbacks)
Adjusted net income for 2024 = $380,684
From Tax Return:
2023 Gross: $969,010
Addbacks:
Officer Salary: $142,248
Personal Vehicle:
1/1/23- 4/1/23- $578.00 x 4 months= $2,312
4/1/23- Deposit on new Jeep grand Cherokee= $25,000
5/1/23- 12/31/23- Payments made on new Jeep $1,016.00 x 8 = $8,128
Total Addbacks = $177,688
NOI on 2023 P&L: $88,210 + $177,688 (addbacks)
Adjusted net income for 2023 = $265,898
From Tax Return:
2022 Gross: $969,010
Addbacks:
Total Interest Expense: $3,962
Officer Salary: $141,901
Personal Vehicle:
1/1/22- 12/31/22- $578.00 x 12 months= $6,936.00
Total Addbacks = $152,799
NOI on 2022 P&L: $78,279 + $152,799 (addbacks)
Adjusted net income for 2022= $231,078
From Tax Return:
2021 Gross: $969,010
Addbacks:
Depreciation: $35,481
Total Interest Expense: $5,130
Officer Salary: $120,444
Personal Vehicle:
1/1/21- 12/31/21 Car payments made for Jeep Grand Cherokee= $578.00 x 12 months= $6,936.00
Total Addbacks = $167,991
NOI on 2021 P&L: ( - $8,732) + $167,991 (addbacks)
Adjusted net income for 2021 = $159,259
About the Business
- Years in Operation
- 23
- Employees
- 6 (5 Full-time, 1 Part-time)
Long tenured employees and is hiring more because he is getting busier every yea - Facilities & Assets
- No physical office. Everyone dispatches from home to the job sites. Has 4 vehicles that would come with the sale with all tools needed
- Market Outlook / Competition
- He has GC's that he works with and doesn't have to bid against anyone else. These relationships can be transferred pretty easily.
- Opportunities for Growth
- Easy growth by marketing to the general public or commercial work. He has 6-7 GC's that he works with and cant take on anymore work at the moment because they keep him busy enough
About the Sale
- Seller Motivation
- Moving to a different state
- Transition Support
- Seller will help transition before his move
- Financing Options
- Fully approved by SBA. Seller doesn't want to hold much of a note
Listing Info
- ID
- 2524940
- Listing Views
Listing ID: 2524940 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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