Electrical Contractor in Business Over 38 Years

Middlesex County, MA (Relocatable)

Seller Financing Available
Electrical Contractor in Business Over 38 Years
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Asking Price: $450,000

Cash Flow: $204,736

Gross Revenue: $1,306,227

EBITDA: N/A

FF&E: $377,458

Inventory: N/A

Established: 1979

Electrical Contractor in Business Over 38 Years

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Business Description

Electrical Contractor in Business Over 38 Years

The Company was founded in 1979 and incorporated in 1984. This well established brand has over 2,000 customers in its data base and according to management, over 200 are repeat customers. The company is certified to bid state work. Its portfolio is estimated to be 40% residential and 60% commercial. Of the residential 8-10% is purely residential, the remainder is large apartment complexes which behave like commercial customers.
The company enjoys a very local brand. More importantly, the company owns three additional websites which could be used to further market adjacent services and further enhance its value.

Detailed Information

Employees:
11 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company is housed in a building with approximately 1,200 square feet and 6,000 square feet of yard space for parking vehicles and trucks. The owner owns the building and land in a separate entity and pays 2,900/month in rent.
Competition:
The company has been in business over 38 years and enjoys a strong local brand. It primary competition are other electrical contractors.
Growth & Expansion:
The company has an excellent brand and has been successful for decades in the Boston area and suburbs. The owner would like to retire and transfer the business to a person or company that will provide continuity for the company and more importantly, take the business to a new level of growth. This is an excellent opportunity for an existing electrical contractor to gain scale, a repeat customer base and possible absorb existing overhead into its own operation, thereby increasing profit.
Financing:
$250k down/$200k for 120 mos. @ 6%.
Support & Training:
Will train for 4 weeks @ $0 cost. The company provide Repairs and Installation for any electrical need,d including: Fire Alarm installation and Maintenance and Burglar Alarm and Camera System installation. The company is a Licensed Security Service Contractor. The company has all appropriate licenses and certification to conduct and perform electrical contracting work in Massachusetts.
Reason for Selling:
Owner retiring.
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Kevin Dougherty

Business Listed By:
Kevin Dougherty

Murphy Business & Financial Corporation

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