Elite Elevator - Commercial Elevator Service & Installation

$1.1M

Revenue

$605K

SDE

0.6x

Multiple

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Full Editorial Writeup

Elite Elevator presents an exceptional opportunity in the commercial elevator service, strategically positioned in the thriving Tampa Bay market currently operates from an established office and... Businesses Franchises Brokers Loading... Commercial Elevator Installer & Service Company Clearwater, FL (Pinellas County) Asking Price:$350,000 Cash Flow (SDE):$605,000 EBITDA:Not Disclosed Gross Revenue:Not Disclosed Established:Not Disclosed Commercial Elevator Installer & Service Company Business Description Turnkey Elevator Service with Contracts & Recurring Cash Flow Elite Elevator presents an exceptional opportunity in the commercial elevator service, strategically positioned in the thriving Tampa Bay market currently operates from an established office and warehouse location in Clearwater. The existing lease is available to be assumed by a qualified buyer. located in Clearwater. This established company delivers $1.15 million in annual revenue with outstanding cash flow performance of $605,000 in seller's discretionary earnings. Key Business Strengths: • 179 active elevator service contracts providing $345,180 in predictable recurring revenue • Diversified income streams combining maintenance contracts, repair services, and modernization projects • Exceptional cash flow margins demonstrating operational efficiency • Comprehensive asset package including vehicles, specialized tools, and equipment valued at $127,000 • Established operational systems and proven business processes • 4 Full-Time employees The business serves commercial property owners, managers, and businesses throughout the Tampa Bay region, maintaining long-term relationships built on reliability and expertise. The elevator service industry benefits from consistent demand as building owners require ongoing maintenance for safety compliance and operational efficiency. Revenue Model: • Monthly recurring maintenance contracts ensure steady cash flow • Emergency repair services provide immediate revenue opportunities • Modernization projects offer higher-margin growth potential • Geographic concentration maximizes operational efficiency Included Assets: • Complete fleet of service vehicles and specialized equipment • Office and shop facilities with established infrastructure • Customer contracts and service agreements • Vendor relationships and supply chain partnerships • Operational systems and documentation This turnkey operation is ideal for industry professionals seeking expansion, investors targeting recurring revenue businesses, or entrepreneurs wanting an established platform with proven profitability. The combination of contracted revenue base and project opportunities provides both stability and growth potential in a resilient market sector. Real estate excluded from sale. Ad#:2511218 Detailed Information Furniture, Fixtures, & Equipment (FF&E): $127,000 Included in asking price Employees: 4 Full-time Business Location Location: Clearwater, FL Demographic Information for Clearwater Area Household Income Population Age Population Trend Population by Race/Ethnicity BizBuySell EDGE Financial Benchmarks for Florida Other Building and Construction Businesses Gross Revenue Benchmarks Cash Flow (SDE) Benchmarks EBITDA Benchmarks BizBuySell EDGE Listing Statistics Saved This Listing Listing Last Updated Appeared in Search Listing Detail Views BizBuySell EDGE Know the True Market Value Before You Make an Offer Get valuation data to negotiate with confidence. Get a Valuation Report Business Listed By: Tracy Rigler Phone Number 727-421-3457 Voice only (no SMS) Ad#:2511218 The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Read BizBuySell's Terms of Use before responding to any ad. Learn how to avoid scams. Contact Form Full Name* Enter a valid Full Name Phone Number Enter Phone Number Email Address* Enter Email Address Optional Message Yes, send me the Buyer Newsletter for popular businesses, tips, & email promotions. Optional: Check if you want to use IRA/401k funds ($75K+) to buy a biz - Guidant will call Send Message By clicking the button, you agree to BizBuySell’s Terms of Use and Privacy Notice Business Listed By: Tracy Rigler Phone Number 727-421-3457 Your request has been sent. What Happens Next? is reviewing your details. A representative will reach out soon to discuss your options. Expect a response in 1-2 business days. 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Why we like it

Earnings quality is anchored by 179 active maintenance contracts generating $345,180 in predictable annual recurring revenue, roughly 30 percent of total sales. This contracted base provides a floor under cash flow and a renewal-driven revenue engine that does not require constant new-customer acquisition. Recurring maintenance contracts in a code-driven category are exactly the type of boring, sticky income worth paying for.
The moat is regulatory and relationship-based. Elevators require ongoing maintenance for safety compliance, the work demands licensed and specialized technicians, and incumbents benefit from switching friction since property managers rarely change a reliable elevator vendor. Geographic concentration in Tampa Bay also tightens routing and service density, improving margins.
Market tailwinds are favorable. Tampa Bay is one of the fastest-growing metros in the country with steady commercial construction and an aging building stock that needs modernization. Demand for elevator service is non-cyclical because it is tied to mandatory inspections and operational safety rather than discretionary spend.
The operator advantage is the headline multiple. At $350,000 against a stated $605,000 SDE, this is priced at 0.58x cash flow, far below typical 2x to 3.5x service-business comps. If the earnings are real and transferable, an operator who can retain contracts and key technicians is buying a years-of-payback asset, with $127,000 of included vehicles and equipment cushioning downside.

How to improve it

Audit and re-price the existing contract book within the first 90 days. With $345,180 spread across 179 contracts, average contract value is under $2,000 annually, which suggests room for selective price increases and tiered service plans. Even modest escalators on a sticky, code-driven service line drop straight to the bottom line.
Push modernization projects, which the listing flags as higher-margin growth. Mine the existing maintenance base of aging buildings for upgrade and code-compliance opportunities, since you already have the customer relationship and inspection access. Converting service customers into project revenue is the cheapest growth available.
Systematize technician recruiting and licensing immediately. With only 4 full-time employees, the binding constraint on growth is skilled labor, not demand. Build an apprenticeship and retention program so capacity can scale beyond what the current owner-dependent structure allows.
Densify the Tampa Bay route by adding contracts in existing service corridors. More stops per technician per day directly lifts margin and lets you win on response time against larger national players. Target property management firms that control multiple buildings for portfolio-level deals.
Build a real emergency-call and dispatch system to capture more of the immediate repair revenue. Faster response converts into both higher repair billings and stronger contract renewals. Add 24/7 coverage as a premium contract tier to lock in higher-value clients.
Reduce owner dependency by documenting estimating, bidding, and customer relationships before close, then transferring those to a service manager. A buyer who is not a licensed elevator tech needs the institutional knowledge captured, otherwise the SDE walks out the door with the seller.
Tighten vendor and parts procurement. With modernization and repair work driving variable costs, negotiating volume pricing on components and elevator parts protects the unusually high margins this business reports.

Diligence notes

The 0.58x multiple is the single biggest red flag and the single biggest opportunity. A business throwing off $605,000 in SDE does not normally sell for $350,000 unless the earnings are not transferable, are owner-dependent, or are overstated. Demand three years of tax returns and bank statements to verify the $1.15 million revenue and $605,000 SDE before anything else.
Confirm whether the owner is a licensed elevator mechanic and whether the company holds the state licensing required to perform installation and service in Florida. If the licenses are personal to the seller, the buyer must secure qualified licensed personnel or the business cannot legally operate post-close. This is likely the explanation for the discounted price.
Scrutinize the 179 contracts individually for term length, cancellation provisions, renewal rates, and customer concentration. Verify that the $345,180 in recurring revenue is contractually committed and not month-to-month at-will arrangements that could evaporate after a sale.
Investigate why a high-margin recurring-revenue business is selling so cheap. Probe for pending litigation, safety violations, lost major contracts, key-employee departure risk, or seller health issues that the listing omits. Reconcile the missing 'Established' date and any history of code or liability claims tied to elevator safety.
Validate the $127,000 asset package with a physical inspection and titles, confirming the vehicles and specialized tools are owned free and clear and in working condition. Specialized elevator tooling has limited resale value, so confirm it supports ongoing operations rather than padding the headline price.
Verify the assumable lease terms on the Clearwater office and warehouse, including rent, remaining term, and renewal options. Since real estate is excluded, confirm there are no above-market rent obligations or landlord change-of-control provisions that could disrupt operations.

Source

Originally listed on BizBuySell. View original listing →