Large Electrical Contractor NCListing DetailsOffice ID: ELECTRIC1 Status: ON HOLD Listing Broker: Jeff Snell, M&AMI, CBI, ABI Listing Price: $2,125,000 Gross Revenue: $4,431,312 Cash Flow: $632,353 12 Month Forecast: $6,000,000 Forecasted Cash Flow: $855,000 Inventory: $45,000 Inventory Included: Yes FF&E: $190,000 FF&E Included: Yes Accounts Payable: $514,286 Acreage: N/A Sales Structure: Asset Sale Seller Financing: Yes Financing/Terms: Seller will provide SBA required portion of owner financing.Reason for Sale: The owners wish to relocate and pursue other interests.Training: Sellers will provide up to 80 hours of transition assistance at no additional cost within the first six months.OperationsYear Established: 2008 Form of Ownership: S Corp Employees (full-time): 36 Managers: 5 Business Hours: Normal business hours Summary Business Description: The company is considered among the best in the area providing specialty electrical construction. The company has been built by experienced leaders with a strong multifaceted background in commercial service and construction. The company is known for delivering professional on-time quality service and workmanship.
This company's track record is second-to-none experiencing explosive growth since its 2008 inception. Top line revenue in 2014 was $2.3m, 2015 increased 52% to $3.5m. During the first six months of 2016, the company recorded revenues of $3.0m and is forecasting year-over-year growth of over 70% to $6.0m. Profitability has also increased as the owners have surrounded themselves with a top -notch team of advisors and field employees who together look for ways to improve efficiency on a daily basis. New contracts are being awarded at a rapid rate in addition to projects being awarded by loyal repeat clients.
Current backlog exceeds $2.2m. with $3.4m. in work in process (WIP).
The company's success has been driven by over 36 full-time employees.Historical Summary: The business was formed in 2008 and is experiencing rapid growth.Owner Qualifications: Buyer should be familiar with large construction projects and electrical contracting.Competition: Most jobs are bid in a competitive environment. Because of their outstanding reputation, this company is asked to bid many projects.Potential Growth: Profitability could be increased by bringing certain services currently being outsourced in-house. New owners may elect to bid larger projects that are not currently being bid. Small investment in labor and equipment would allow one service area to double.LocationType of Location: Stand Alone Real Estate for Sale: Yes Lease Expires: Dec 31, 2019 Option: N/A Lease Security: $1,700 Monthly Rent: $2,600 Square Footage: 5000 Facilities: The Triangle-based standalone headquarters is located in an industrial park. The lease is $2,600 per month, meets the company's current size requirements and features adequate parking.Last Updated: Dec 18, 2017 / 11:53 AM Financial Information Current As Of: Jul 29, 2016 / 12:00 AM  |
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