Electrical Services

Hickory, NC (Catawba County) (Relocatable)

Seller Financing Available
Electrical Services
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Asking Price: Get Financing: $64,500

Cash Flow: $86,000

Gross Revenue: $199,500

EBITDA: N/A

FF&E: $12,500

Inventory: $29,500

Lease Rate: $5 /SF/Year

Established: 1970

Electrical Services

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Business Description

REDUCED ASKING PRICE.
50 year old and well established and reputable electrical services business for sale. Sale includes the following ASSETS; large Parts and Supplies Inventory (and some shelving), various Machinery and Equipment items, several service Vehicles (with vehicle tool bins, Office Furniture and Office Equipment, extensive catalogs, manuals, textbooks, and guides, and Computer System (including wireless network, HP digital color copier, and backup device). Intangible assets include the following; established business name, reputation, and accounts, phone number having long-term advertising, logo, customer list (approx 550 historic credit accounts), established vendor relationships, website, and other going-concern intangibles.

This business has a history of profitability; located in the Catawba Valley region.

New owner needs an electrical license and the desire to work hard and smart. No current liabilities, Buyer needs to bring their on Working Capital (i.e., start-up funds). Seller financing for a qualified Buyer. this is an opportunity to acquire the business and its assets and grow the business.

Cash Flow below is Owners Discretionary Cash Flow.

Call our office at 828-324-0709; if you don't immediately reach us by phone, then please LEAVE a DETAIL PHONE MESSAGE including when and what time for us to call you back. Or send an eMail via this website.

Financial asset figures are subject to buyer due diligence.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,250
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Buyer will need to lease an approx 2,250 sq ft facility. Some rent subsidy available for a qualified buyer. Temporary lease facility is negotiable with seller.
Competition:
Large regional and local markets exist with approximately 500 historic customers and and many potential new customers. Coop advertising from the Seller to grow the business is a potential.
Growth & Expansion:
The market is highly fragmented, no one competitor controls the electrical service market.
Financing:
Negotiable
Support & Training:
Buyer should have an electrical license, experience in refrigeration is a plus; training by Seller is Not Applicable.
Reason for Selling:
Owner has retired.
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Contact the Seller

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Christopher Whitener

Business Listed By:
Christopher S. Whitener

Equity Financial Group Inc.

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