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Profitable Long Established Electrical Contractor
NCListing DetailsOffice ID: ELECTRI1
Status: Offer Received
Listing Broker: George Bradbury
Listing Price: $750,000
Gross Revenue: $1,641,681
Cash Flow: $329,783
12 Month Forecast: $1,700,000
Forecasted Cash Flow: $320,000
Inventory: $95,000
Inventory Included: Yes
FF&E: $150,000
FF&E Included: Yes
Accounts Payable: $94,391
Acreage: 1/2 acre
Real Estate: $300,000
Sales Structure: Asset Sale
Seller Financing: Yes
Seller will Participate in SBA mandated financing if required.
Reason for Sale:
Second generation owner wants to travel.
Owner will stay on to insure a smooth transition for at least 60 days.  Other arrangements can be made to have the owner stay on longer. 
OperationsYear Established: 1948
Form of Ownership: C Corp
Employees (full-time): 17
Employees (contractors): 4
Managers: 3
Business Hours: M to F 8 to 5 24/7 service
Business Description:
This electrical contractor services a 5 county area in a growing region of North Carolina.  They have carried on the tradition of quality electrical service and installations for over 50 years.  This company does $1.5mm+ annually with 75% commercial (government, healthcare, industrial and education) and 25% residential (custom, spec and remodels).  This fully-licensed operates out of a 5,000 foot warehouse/office.  They handle all commercial electrical needs for both new construction and renovations.  Including lighting and data cabling.  They have built a reputation as an expert while building an impressive customer list; including box stores, franchise systems, all levels of government, hospitals and more.
Historical Summary:
This business was formed in the 1940's.  
Owner Qualifications:
Buyer should be licensed.  All licenses are held by key employees.  Buyer should be proficient with QuickBooks, general HR, management, marketing etc.
Some competition exists.  No one can offer the breath of services this company offers in their market.
Potential Growth:
Very little, almost nothing has been spent for advertising.  The sale of generators could be expanded which is 10% of sales currently.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Real Estate: $300,000
Square Footage: 5000

The business is run from their owned warehouse/office 5,000 sq. ft. on slightly less than 1 acre of land.  The owners will consider a competitive offer for a sale or will consider offering a lease for a qualified buyer.

Last Updated: Apr 27, 2021 / 7:17 AM
Financial Information Current As Of: Jul 21, 2019 / 7:59 AM

Real property represented by ENLIGN Commercial
2009 Caminos Drive, Raleigh, NC 27607
ENLIGN Commercial