18
year established electrical company specializing in custom residential
and service in the Central Florida area. Business includes $60k
in vehicles and equipment, almost $30k in inventory. Seller will help with licensing and
permitting and will finance a portion to ensure a solid and stable
transition. (Other -$9,038 in 2007 is Rent Adjustment)
| Reason for Sale |
: |
Retirement |
| General Location |
: |
Central Florida |
| Organization Type |
: |
Corp 'Sub S' Hours Owner Works: 40 |
|
: |
Years Established: 18 Years Owned: 18 Emp FT: 7 Emp PT: 0 Mgrs: 1 |
| Non Compete |
: |
Miles: 100 Years: 5 Weeks Training: 2 Cost: 0 |
| Operating dys/hrs |
: |
Mon - Fri. 7:30 - 4:30 |
| Skills/Licenses
|
: |
Seller will assist with Elect., Sec. & Fire Protect Licenses |
| Business is |
: |
Relocatable: Y Home Based: N Franchise: N Lender P/Q: N
|
| Data Source |
P/L Statement |
Tax Return |
Tax Return |
|
| Year (Cash Flow) |
2007 (Y) |
2006 (Y) |
2005 (Y) |
|
|
| Gross Revenue |
620,264 |
732,199 |
831,611 |
|
| Cost of Goods |
254,779 |
304,327 |
293,724 |
|
| Gross Profit |
365,485 |
427,872 |
537,887 |
|
| Expenses |
346,305 |
458,254 |
549,071 |
|
| Net |
19,180 |
-30,382 |
-11,184 |
|
| Owner Salary |
0 |
48,090 |
37,760 |
|
| Benefits |
16,791 |
6,412 |
6,353 |
|
| Interest Expense |
11,716 |
6,720 |
10,968 |
|
| Depreciation |
0 |
6,061 |
9,492 |
|
| Other |
-9,038 |
0 |
0 |
|
| Owner Benefit |
38,649 |
36,901 |
53,389 |
|
| Accounts Rec |
0
|
N* |
Real Estate |
450,000
|
A* |
| Inventory |
29,146
|
Y* |
___________ |
0
|
N* |
| F F & E |
51,901
|
Y* |
Total Assets |
81,047 |
Y* |
| Leasehold |
0
|
N* |
|
*Included? |
|
| Lease/Month: 3220 |
Square Footage: 4200 |
Building Type: Office / W.house |
| Terms & Options: |
Expiration Date: 8/8/2013 |
| Loan/Assumable |
- Amt: |
0
Mos: |
0 Rate: |
0.00
Mo Pmt: |
0.00
|
|
| Loan/Seller |
- Amt: |
42,000
Mos: |
60 Rate: |
8.00
Mo Pmt: |
851.61
|
|
| Loan/Other |
- Amt: |
0
Mos: |
0 Rate: |
0.00
Mo Pmt: |
0.00
|
|
| RICHARD L ADAMS |
Office |
: |
(407) 869-6446 x110
|
|
| ASSOCIATE |
Agent Direct |
: |
|
|
| GOLDCREST COMM BUS CONSULTANTS |
Fax |
: |
(407) 869-4790
|
|
| 324 NEWBURYPORT AVENUE |
Cell |
: |
(407) 234-3723 |
|
| ALTAMONTE SPRINGS, FLORIDA 32701 |
Email |
: |
|
|
| USA |
Home Page |
: |
|
|
|
