25+ Year Old Commercial Electric Company

– Located in Orlando, FL
– 28 years in business
– 55 employees
– Services: electrical, low voltage, voice and data, fiber optic cabling, intercom systems, fire alarm system, access control
– Owner is there everyday mainly to oversee and review bids before submitting
– Debt-free company
– 22 vehicles
– Not much inventory
– Owner is a master electrician.
– Owner will qualify for a year or possibly longer. $2,000 per month
– Projects: Schools, airports, petroleum fuel stations, colleges, police stations
– Already has 15-17 mil in backlog with signed contracts for 2026. Roughly 4-5 mil net profit
– Net pay terms are 30-120 days. Most jobs are 30-60.
– Has contracts in place with clients. 2 more years left on the school district contract with 2 year option for renewal.
– Some customer concentration, but they are contract-based – 2024, there was a customer that made up 42% of the revenue. In 2025, there was a customer that made up 32% of the revenue. Different customers each year.
– Property can be included for an additional $3,000,000 or appraised value. Very nice facility!
– Will also lease back the property at the amount he pays himself, which is $16,000 a month
– 2.5 acres and the building is 15,000 sqft
– Working capital is a negotiable number
– Bonding capacity up to 26 million
– 3 key men in the business
– Software used: QuickBooks and estimating software
– Owner does not want to roll equity but will stay on for a year, if needed
– Transition: Seller will stay on for 1 year. 90-day transition with salary negotiated for the remaining 9 months
– Seller note: Depends on the rest of the offer
– Reason for the sale: Owner is in his 60’s and looking to take a step back

From Accrual P&L:

2025: Gross: $13,771,037

Adjusted net income for 2025: $3,835,707 + $79,857 (salaries – spouse & past employee)

= $3,915,564

From Accrual P&L:

2024: Gross: $13,211,858

Adjusted net income for 2024: $3,587,758 + $184,000 (personal vehicle) + $79,857 (salaries – spouse & past employee)

= $3,851,615

From Accrual P&L:

2023: Gross: $7,715,231

Net income for 2023: $986,273 + $79,857 (salaries – spouse & past employee)

= $1,066,130

From Accrual P&L:

2022: Gross: $4,894,714

Adjusted net income for 2022: $393,574 + $79,857 (salaries – spouse & past employee)

= $473,431