Sports Field Lighting Contractor

Oklahoma City, OK (Oklahoma County) (Relocatable)

Sports Field Lighting Contractor

Asking Price:$1,500,000

Cash Flow:$550,000

Gross Revenue:$3,000,000

EBITDA:N/A

FF&E:$577,000

Inventory:$50,000

Real Estate:$750,000*

Established:1980

*not included in asking price.

Sports Field Lighting Contractor

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Business Description

Niche electrical contractor specializing in large area lighting projects for athletic fields, sports complexes and parking areas.

The customer focus is on colleges, race parks, school districts and municipal sports complexes.

The company offers sales, service and installation of new and used lighting equipment.

The business is fully staffed and has a fleet of well maintained equipment to get the projects completed.

Gross Sales have averaged just over $3M for the past three years and net profits average $550K.

Business has a excellent reputation for high quality service and products. Owners are ready to retire and will train new owner for a smooth transition.

Business has built lighting projects at all the major universities in Oklahoma and at Texas Motor Speedway, Bristol Motor Speedway and Lowe's Motor Speedway. They have done projects for many school districts.

Company has a steady backlog of projects.

This is an rare opportunity to buy a successful niche business that has tremendous financial opportunities for a new owner.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Existing Facility exceeds business requirements but is available for sale or lease. Sellers are flexible on terms during the ownership transition. Business needs a yard for the trucks and a small office warehouse.
Competition:
They are the largest company focused on this niche in Oklahoma. They have a excellent reputation in the market place. They have specialized equipment that reach up to 75' and have some contracts in place.
Growth & Expansion:
The company website is outdated and they have no marketing program. Every school district needs sport field lighting maintenance and a focused marketing effort will increase profitability. Company has one municipal maintenance contract and should pursue the same with other cities. Pursue retail lighting projects such as mall, grocery stores, apartments, etc. Opportunities to expand to other major cities like Dallas.
Support & Training:
Owners are willing to train to insure a smooth ownership transition.
Reason for Selling:
Retirement / Health

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