Electric Contractor with high repeat revenues

VT

Electric Contractor with high repeat revenues
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Asking Price: $450,000

Cash Flow: $261,000

Gross Revenue: $1,348,000

EBITDA: N/A

FF&E: $125,000

Inventory: $5,000*

Established: N/A

*not included in asking price.

Electric Contractor with high repeat revenues

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Business Description

Well- established, very profitable electric contractor with repeat revenues.

This is a well - established business that has operated in Vermont, New Hampshire and New York since 1986. It is a full - service electrical contractor that services commercial, industrial, communications, government and residential customers. It also installs and services fire alarms and security systems. The business prides itself on providing professional, high quality work that is performed in a timely manner no matter what size job is undertaken. Services are available 24/7 so emergencies are covered if necessary. The staff of 6 plus the owners are all that is needed to service the customers. This contractor operates as an affiliate of the International Brotherhood of Electrical Workers which separates it from many of its competitors. The IBEW affiliation carries tremendous benefits to both employees and employer. This contractor operates from a 2,000 square foot facility that is very accessible to major highways and the interstate. After 32 plus years the owners have decided to retire and are seeking a new owner that will carry on the proud tradition that exists today.

Detailed Information

Inventory:
Not included in asking price
Employees:
6FTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This contractor works out of a 2000 square foot commercial condo. The building contains two offices, warehousing space, job staging area and is also large enough to bring 3 vehicles inside to be serviced, washed and heated in the winter. The mezzanine is used for inventory storage of items that are used with regularity. The equipment includes 5 vehicles, two utility trailers, pipe bending and tugging equipment and other tooling.
Competition:
The area that this company services has numerous electrical firms. The competition ranges from small one or two-person firms up to the large commercial firms that have up to two hundred employees. While this business only has six employees, it relies upon repeat business from existing customers and small jobs that it is capable of handling. When larger jobs present themselves, it will try to bid the job by enlisting a friendly competitor to utilize their employees to staff the job if sufficient labor is not available through the IBEW labor pool.
Growth & Expansion:
• Be more aggressive with bid jobs. • Solicit more National/ Regional chains or property managers using the existing customers as a reference. • Continue to seek larger jobs that utilizes labor from the IBEW or with other electric firms. • Advertise or market the business in a more aggressive fashion. • Other as may be appropriate for a company this size.
Financing:
Seller will consider 10% financing.
Support & Training:
Seller will train and transfer customers as needed.
Reason for Selling:
Retirement.
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Country Business Inc.

Business Listed By:
Administrative Manager

Country Business, Inc.

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