37570-California Lighting & Electrical Contracting Services

CA

Seller Financing Available
37570-California Lighting & Electrical Contracting Services
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Asking Price: $3,750,000

Cash Flow: $1,293,000

Gross Revenue: $7,982,000

EBITDA: $1,048,000

FF&E: $243,000

Inventory: $25,000

Established: 1985

37570-California Lighting & Electrical Contracting Services

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Business Description

Located near the Greater Bay Area, the company is a specialty trade contractor offering a full line of lighting and electrical contracting services for residential, accounting for 90% of sales, and commercial applications. The primary products and services revolve around electrical construction services, lighting control, and design and installation services. The company operates from a leased 7,000-square foot facility which features warehouse areas and office spaces. Offering these products and services requires an Electrical Contractor License C-10. With 31 experienced employees and management in place, the owner could have a flexible schedule. The company has a proven track record supported by 50 years of ongoing business. With its broad range of products and services, the marketing efforts focus on targeting residential customers within Northern California. Due to an increasingly strong reputation and change in target market, revenues have increased substantially from 2014’s $4,091,000. Total revenue in 2018 were $7,982,751 with an EBITDA over $1,000,000. With a large customer base and solid reputation, the Company continues to attract new customers while maintaining its reputation with existing ones. Accounts receivable not included in the asking price.

Detailed Information

Inventory:
Included in asking price
Employees:
31
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
The owner's available for a standard transitioning period up to one year.
Reason for Selling:
Other interests
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IAG Buyer Division

Business Listed By:
Buyer Division

IAG

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