Hot Listing
Very Profitable Electric Company in Martin County, FL For Sale
Business Description
Very Profitable Electric Company For Sale In Martin County, FL
Asking Price: $650,000
Annual Figures: 2024
Gross Sales: $969,010
Net Profit: $380,684
Expenses: 2023
Total COGS: $297,718
Payroll: $302,436
Business Highlights:
- In business for 23 years
- Services mainly just Martin County and some St. Lucie County
- Projected to do over $1,000,000 in 2025
- 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
- 50% service 50% new construction/remodel
- They do no advertising. All business comes from general contractors. Lots of growth potential!
- 3 company vehicles come with the sale
- Great retention with the employees
- Booked out to 2026 with jobs
- 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
2024 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 for 2024 = $380,684
2023 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 for 2023 = $265,898
2022 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 for 2022= $231,078
2021 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 for 2021 = $159,259
Asking Price: $650,000
Annual Figures: 2024
Gross Sales: $969,010
Net Profit: $380,684
Expenses: 2023
Total COGS: $297,718
Payroll: $302,436
Business Highlights:
- In business for 23 years
- Services mainly just Martin County and some St. Lucie County
- Projected to do over $1,000,000 in 2025
- 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
- 50% service 50% new construction/remodel
- They do no advertising. All business comes from general contractors. Lots of growth potential!
- 3 company vehicles come with the sale
- Great retention with the employees
- Booked out to 2026 with jobs
- 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
2024 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 for 2024 = $380,684
2023 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 for 2023 = $265,898
2022 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 for 2022= $231,078
2021 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 for 2021 = $159,259
About the Business
- Years in Operation
- 23
- Facilities & Assets
- Home based business. Comes with all tools needed and 3 vehicles
- Market Outlook / Competition
- He does bid against anyone with the jobs he gets so not much competition
- Opportunities for Growth
- Someone could easily expand into commercial and the general public for residential. All of these jobs come from 7 GC's that they work with. The relationships are with multiple people in the company not just the owner.
About the Sale
- Seller Motivation
- Moving to a different state
- Transition Support
- Owner is moving to a different state but will help transition as needed.
- Financing Options
- Seller may hold a small note. Fully approved by SBA
Listing Info
- ID
- 2432301
- Listing Views
- 26
Listing ID: 2432301 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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