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New Listing Announcement - Commercial Electrical Contracting Firm

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ENLIGN Transaction Team | 11/09/2023

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Thanks for joining me for another edition of ENLIGN's featured businesses for sale.

In this edition, we are presenting a Commercial Electrical Contractor, located in Coastal North Carolina, one of the most desirable markets in America.

Our internal listing ID for this premium business acquisition opportunity is ELECTRIC 5.

This business is well positioned for continued growth with its 32 years of providing electrical services.

The company has 22 skilled employees and operates from a 3,000 square foot flex office space which is available for sale or lease.

The business does not provide residential services.

The owner, who holds the Unlimited Electrical License in four states, is selling to retire.

Next up, key performance indicators.

In calendar 2023, the business generated $1,399,660 of Adjusted Earnings before Interest, Taxes, Depreciation, and Amortization on $6,009,895 of gross revenue.

This imputes an impressive 23% net margin, which is triple the industry average.

The business's purchase price will be determined by the market and includes $480,000 of furniture, fixtures, and equipment.

The actual value of inventory at cost as of the date of closing will be added to the purchase price.

The land and building are available to purchase for $550,000 or lease for 42 hundred dollars per month.

The sellers will provide additional transition assistance at a fair market rate if desired.

The sellers proposed transaction structure would be an asset sale, with 90% cash at closing and a 10%

seller note for 5 years at 8% interest, plus the actual value of on-hand inventory.

The commercial property will need to be purchased at third party bank appraised value or leased from the owners.

Now, let's feature a quote from one of the most successful businessmen of our time.

It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.

Thank you for joining me for ENLIGN's executive summary for this Commercial Electrical Contractor.

For more details visit our website.

To receive confidential listing information, click on the NDA button at the top right of the listing detail page.

We look forward to working with you on this exciting business acquisition opportunity.