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Commercial & General Electric Business w/ 30 Staff

PA

Seller Financing Available
Commercial & General Electric Business w/ 30 Staff
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Asking Price: $1,700,000

Cash Flow: $787,301

Gross Revenue: $5,704,542

EBITDA: N/A

FF&E: $447,000

Inventory: $40,000

Established: 1975

Commercial & General Electric Business w/ 30 Staff

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Business Description

Providing general electrical services since 1975, this business has nearly $800k in profit for 2018. The owner, who provides general oversight, is willing to stay on for one year to help transition his 30 person staff. With over $3MM in projects currently in progress and $1.5MM in upcoming work, industrial and corporate companies in Central Pennsylvania rely on this team of union electricians to complete projects in a timely and accurate manner. With a stellar reputation, this company has earned long-term client relationships with local colleges and universities, local health care facilities, and commercial businesses. Assets include nearly $300,000 in equipment, $160,000 in vehicles and $1,250,000 in accounts receivable.

Located within driving distance of many commercial, health care, and educational facilities, work is typically completed within a 70-mile radius of the office. The headquarters features 4,000 total square feet, which includes a large office (1,000 sq. ft.) and heated shop (3,000 sq. ft.). This building is available for sale outside the sale of this business.

The team consists of thirty individuals, including three office staff, seven foremen, and two project managers who also complete estimations. The number of those working in the field fluctuates upward based on the demands of a project. All electricians are union members.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
27
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4,000 sq. ft. (only $3,000/month): office (1,000 sq. ft.) with kitchenette, heated shop (3,000 sq. ft.) the building is for sale outside the sale of this business.
Growth & Expansion:
Increase work with the universities and colleges, build on hospital and health care facility projects, market services
Financing:
16% Seller Financing
Support & Training:
Owner willing to stay on for a year Current Owner’s Responsibilities: Oversight
Reason for Selling:
Retirement
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Cortney Sells

Business Listed By:
Cortney Sells

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