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 Included: Yes
FF&E Included: Yes
Accounts Payable: $94,391
Acreage: 1 acre
Real Estate: $300,000
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will Participate in SBA mandated financing if required.
Reason for Sale:Second generation owner wants to travel.
Training: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
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.
Competition: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: Aug 15, 2020 / 5:12 AM
Financial Information Current As Of: Jul 21, 2019 / 7:59 AM