Commercial Electrical Contractor, 55-Year North Florida Firm with Real Estate

Full Editorial Writeup

This is a 55-year-old commercial electrical contracting business based in Okaloosa County, Florida, serving the rapidly growing Panhandle region of Northern Florida. Founded in 1971, the company specializes in large-scale new installations and renovations of electrical systems for large commercial clients, positioning it as a top-tier contractor in its market rather than a residential service outfit. The business runs with 15 full-time employees out of its own facility, one acre of land with a main building plus two out-buildings, located on a high-traffic road with over 31,000 cars passing daily.

The company generates roughly $1.66 million in revenue and $534,696 in owner cash flow, giving it strong margins north of 30 percent that reflect its reputation, pricing power, and operational discipline. The owner has deliberately capped growth by declining to expand into neighboring areas, which leaves obvious upside for a more aggressive buyer. Management flags data center buildouts, high-voltage infrastructure, grid congestion, on-site generation, and battery storage as structural demand drivers that favor larger contractors with real capacity and manpower.

The headline here is the $1.9 million in real estate included in the $4.1 million asking price. Stripping that out, the operating business is priced at roughly $2.2 million on $534,696 of cash flow, or about 4.1x, which is a far more reasonable number than the blended 7.67x headline multiple. The seller is retiring after 55 years and will provide a four-week training transition at no cost.