Price Reduced! NW IA Electrical Contractor

IA (Relocatable)

Price Reduced! NW IA Electrical Contractor
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Asking Price: $499,000

Cash Flow: $404,588

Gross Revenue: $1,043,139

EBITDA: N/A

FF&E: $266,168

Inventory: $38,160*

Real Estate: N/A

Established: 1950

*not included in asking price.

Price Reduced! NW IA Electrical Contractor

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Business Description

This electrical contracting business bids on commercial projects, residential projects and Ag/Farming projects. Depending on the year, nearly 80% of the revenue stream is produced from commercial projects. This business has been built by providing excellence in customer service. A professional approach in all aspects of the business as well as being available around the clock for emergency situations.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
3,416
Employees:
4 FT/1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The current facility is sufficient for the company's demand. The current owner would prefer to sell the building with the business, however a lease may be considered for the right buyer. The Real Estate is not included in the selling price of this business.
Competition:
There is competition in this market. With that said, this company has been established for many years and has excellent "top of mind" awareness throughout their current service area.
Growth & Expansion:
In and around this community there seems to always be growth whether it comes from commercial bids, Ag bids or residential bids. The current owners have taken great care of their customers and forged strong relationships in attempts to maintain and grow the company over the years. The buyer, of this opportunity, will walk into a well established business. Growing this company will depend on the buyer's leadership skills and an organized plan.
Support & Training:
Will train for 4 weeks @ $0 cost. Skills and/or licenses needed for the buyer would be a license with the state of Iowa as an electrical contractor. Also, the business would need at least one Class "A" master electrician. All other employees need to have an electrical license with the state of Iowa as to their status either as an apprentice, journeyman, master class "B" or "A" license.
Reason for Selling:
The current owner(s) are looking to retire.
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Bryan Mulder

Business Listed By:
Bryan Mulder

Murphy Business & Financial Corporation

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Sponsoring Broker:
Calvin Breske

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