Industrial & Corporate Electric Company


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Industrial & Corporate Electric Company
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Asking Price: $2,190,000

Cash Flow: $614,598

Gross Revenue: $5,371,748


FF&E: $488,000

Inventory: N/A

Established: 1975

Industrial & Corporate Electric Company

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Business Description

Industrial and corporate companies in Central Pennsylvania can 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. With work in progress topping $3MM and an additional $1.5MM in secured contracts, this team is consistently busy throughout the year and their services are in high demand. Assets include nearly $300,000 in equipment and $160,000 in vehicles.

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 twenty-seven 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.

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Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
4,000 sq. ft.: 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
18% Seller Financing: $394,200
Support & Training:
90 days transition – Owner willing to stay on for a year if desired
Reason for Selling:
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Cortney Sells

Business Listed By:
Cortney Sells

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