28 Y/O Large NE Coast Commercial Electric Company

ME

28 Y/O Large NE Coast Commercial Electric Company
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Asking Price: $1,800,000

Cash Flow: $669,269

Gross Revenue: $2,797,980

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1990

28 Y/O Large NE Coast Commercial Electric Company

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Business Description

Strong commercial customer base with excellent margins!

Well-established company of 28 years has an excellent reputation for quality work and service. It is one of the largest commercial electric companies in their state on the East Coast and has been extremely successful by focusing its efforts on niche markets that yield a high profit. The Company provides an ideal opportunity for a buyer to enjoy a predictable cash flow and rapid return on investment.

The majority of the company’s commercial business is connected to the construction industry, which has continued to see growth in the past several years. Commercial construction is a $204 billion industry that is expected to continue to grow in the next five years due to demand by downstream markets and increased consumer spending. A recent report shows that the construction industry will grow an additional five percent in 2018, alone.

This report forecasts that non-residential construction (i.e. retail, healthcare, education, etc.) will be up four percent in 2018.  Education and public building will show the most growth at six percent. Retail has rebounded and is forecast to increase by one percent this year.  And healthcare construction is expected to rise by five percent this year.

The Company has been extremely successful with focusing on market segments that yield high profit. Much of this business has been centered around the retail industry. However, the owners continuously analyze and evaluate the markets and have made shifts when necessary. The Company also generates income from the healthcare, banking, and education segments, plus it has recently explored several other niches, including solar installations.  Additionally, the Company is one of few commercial electrical companies in the area that also provides ongoing electrical service and repairs.

Purchase Considerations:

A well-established company with an excellent reputation for quality and service.
Large customer base that includes nationwide retailers, developers, and contractors.
**Opportunity for continued strong margins.
**Ability to successfully grow and expand the company if desired.
**Well-trained staff.

OFFERING PRICE AND TERMS

The Company is wholly owned by its founding partners. Both owners have agreed to stay on for a period of time if requested to help transition the company to the new owner.  They will then exit the industry and have agreed to sign a non-compete. This purchase includes all the assets and liabilities of the Company. The asking price is $1,800,000.00.

As of June 2018, the Company carries current assets of $1.7M. The Company does not carry any short or long-term debt. Debt free!

To view the prospectus for this business, please click on the following link: https://listing.raincatcher.com/listing/largest-east-coast-commercial-electric-company/
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Detailed Information

Real Estate:
Owned
Building SF:
4,000
Employees:
18
Facilities:
Option to Buy = Office = 1500 Sqft  / Warehouse = 2500 Sqft / Parking = 2 Acres
Competition:
Expansion of the service department - with an emphasis on sales and promotion could lead to more negotiated work.Expand the market area - a large percentage of existing customers are regional and nationwide retailers, developers and contractors. With Company's reputation, a new owner could easily open up new markets or expand their existing market share. Solar installations - local and nationwide. Traffic Signals - we have done some traffic signal work. Currently, only two companies in Company's location focus on signal work.
Growth & Expansion:
A well-established company with an excellent reputation for quality and service. Large customer base that includes nationwide retailers, developers, and contractors. Opportunity for strong margins. Ability to successfully grow and expand the company if desired. Well-trained staff.
Support & Training:
Both owners have agreed to stay on for a period of time if requested to help transition the company to the new owner.  They will then exit the industry and have agreed to sign a non-compete.
Reason for Selling:
Business outgrowing current owner's ability to scale - Willing to stay on
Business Website:
http://listing.raincatcher.com/listing/largest-east-coast-commercial-electric-company/
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(from currently available funds)
 
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Jason Thomas

Business Listed By:
Jason Thomas

Raincatcher

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Sponsoring Broker:
Keith Marlow

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