Electrical Repair and Service

Germantown, TN (Shelby County)

Seller Financing Available
Electrical Repair and Service
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Asking Price: $115,000

Cash Flow: $70,106

Gross Revenue: $127,113

EBITDA: N/A

FF&E: N/A

Inventory: $2,000

Established: 1987

Electrical Repair and Service

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Business Description

This business was founded over 30 years ago by the current owner. He enjoys a loyal customer base and a large backlog of business. Years ago, he had as many as 4 employees working for the company, but grew tired of the management and oversight required; so currently, he operates as the sole electrician.

Seller will consider financing with negotiable terms for a qualified prospective Purchaser.

Detailed Information

Location:
Germantown, TN
Inventory:
Included in asking price
Employees:
1
Facilities:
The business is operated out of the owner's home office and truck. (Home Based)
Competition:
Industry is very fragmented with many competitors, both large and small, however, the owner rarely competes with another electrician, rather he has his hands full just keeping up with the work from his loyal customer base. His residential customer base is primarily in Germantown, while most of his commercial accounts are in Memphis.
Growth & Expansion:
This business would be a good fit for an electrician that is working for another company and has an entrepreneurial interest in going out on their own. Rather than having to spend years to develop their own customers, they would have a built in customer base overnight. Likewise, it would also be a good fit for another electrical service company that wants to expand rapidly, or perhaps is looking to make an entry into the Germantown market. Rare opportunity to purchase a business for less than 2X cash flow. Call Sam Cantor at (901) 722-4826 to discuss this business opportunity today!
Support & Training:
Owner will stay for a period of time to familiarize the new owner with the business and the customers.
Reason for Selling:
Retirement beckons.
Home-Based:
This business is Home-Based
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Sam Cantor

Business Listed By:
Sam Cantor

Sam Cantor & Company

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