Sold
Sold
Reliable Lighting & Electrical Service Business
$400,000
Bexar County, TX
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Gross Revenue
$1,112,007
Owner's Cash Flow
$132,686
Min Down Payment
$40,000
Employees
6 FT, 1 PT
Business Summary
The business is a services-based electrical company founded by the owner in 2007 in Bexar County, Texas. The company primarily serves commercial clients such as retail, office, and warehouse spaces, as well as some residential projects. Roughly 90% of their business is commercial, the remaining 10% is residential. Although the business is involved in both new construction and service projects, they specialize in services, which account for 80% of their revenue. Many of their customers are property management companies with whom they have long standing relationships.
Key Highlights
Year established
2007
Real estate
Leased
Reason for selling
The owner is approaching 70 years old and ready for retirement.
Support and training
The owner is willing to stay on for 6 months to help with the transition.
Broker of Record
John McCleary
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Consolidated Cashflow
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Gross Revenue | $6,890 | $561 | $8,773 |
| COGS | $9,691 | $2,003 | $5,237 |
| Gross Income | ($2,801) | ($1,442) | $3,536 |
| Operating Expenses | $1,554 | $4,992 | $9,664 |
| Operating Incomes | ($4,355) | ($6,434) | ($6,128) |
| Net Other Income (Expenses) | ($8,848) | ($5,682) | ($8,613) |
| Net Income | ($13,203) | ($12,116) | ($14,741) |
| Interest | $8,362 | $3,145 | $4,233 |
| Depreciation | $9,215 | $6,950 | $2,353 |
| Amortization | $9,258 | $4,814 | $2,452 |
| EBITDA | $13,632 | $2,793 | ($5,703) |
| Add-backs | $68,977 | $68,227 | $51,558 |
| Owner's Cash Flow | $82,609 | $71,020 | $45,855 |
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Projected Free Cash Flow
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