Unparalleled Electric Company with 44 Years in Business

Roanoke, VA (Roanoke City County)

Unparalleled Electric Company with 44 Years in Business

Asking Price:$300,000

Cash Flow:$42,000

Gross Revenue:$253,539




Lease Rate/Sq. Ft.:N/A


Unparalleled Electric Company with 44 Years in Business

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Business Description

Since 1972, this electric company has provided superior electrical services to the Roanoke, Virginia area. The business does mostly residential projects, but will take on a commercial client if their workload allows. Services can range from small projects such has hanging a ceiling fan, to larger projects such as all of the wiring in a new home or renovation. All necessary equipment and vehicles are included in the sale, and the business has maintained a customer database on which a new owner can rely.

44 Years in Business, an Excellent Reputation, and Loyal Clientele make this business an Outstanding Opportunity for any interested acquirer!

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Detailed Information

Included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The business is operated from a home-office, but the owner leases an additional garage for the trucks and equipment for $175/month. The trucks that are owned outright and included in the sale include a 2004 Dodge Sprinter and a 2003 Dodge Sprinter, both with up-to-date maintenance and repairs. Each vehicle is equipped with modern equipment for a specific type of electrical service, so each truck is used for particular projects. (Home Based)
44 years in business is what set's this electric company apart from its competition. The business is has a name that is well-known and respected in both the market area and business arena, and has earned a reputation locally for their honesty. The business boasts a long roster of longstanding and loyal clientele, and only have one competitor locally (whom the owner sometimes sends business to when he has more work than he can manage).
Growth & Expansion:
The business has seen consistent increases in sales revenue over the last 3 years, and the assets exceed the liabilities of the business. The service delivery process is one that a new owner can very easily adopt and carry on. Ultimately, there is much room for growth, and the owner feels that the business could benefit from increased investment and energy that he feels he is no longer able to provide.
Support & Training:
Currently, the business has 2 active full-time employees, in addition to the business owner. Both employees have been with the business for 33 years, and the business owner is the Master Electrician. The business has staff and management in place to help a new owner successfully manage the transition, and to provide continuity after the owner's departure that clients know and trust. The business owner is willing to remain involved for a 3-12 month post-sale transition period.
Reason for Selling:
This business is Home-Based

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GreenTree Acquisitions Inc.

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GreenTree Acquisitions Inc.

GreenTree Acquisitions Inc.

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