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Profitable Electrical Company

Anderson County, TN

Seller Financing Available
Profitable Electrical Company
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Asking Price: $365,000

Cash Flow: $184,886

Gross Revenue: $454,617

EBITDA: N/A

FF&E: $26,331

Inventory: $10,000*

Rent: $400 /Month

Established: 1981

*not included in asking price.

Profitable Electrical Company

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Business Description

Great Reputation; Owner Ready to Retire

This company was established decades ago in Anderson County and is one of the finest electrical companies in the East Tennessee area. The business is viewed as a community pillar and supports local events year round. The company provides services for both residential and commercial clients (50/50 diversification). The company has won numerous awards and has a great reputation for providing outstanding customer service. For all estimated jobs, owner receives 80% of the submitted business proposals.

Good margins and profitability for the business have been consistent for many years. Gross sales in 2018 were over $450K with cash flow of $186K. The business has experienced electricians, vehicles and assets to make for a turnkey transition. Business has a vast customer base of over 1,000 clients. Owner is simply ready for retirement.

Detailed Information

Location:
Anderson County, TN
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
500
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facility space is a 500 sq ft commercial building that can be leased for $400 per month. The owner is willing to rent the office space or the buyer can also relocate the business.
Competition:
There are other electricians in the area. However, this company has built and maintained a great membership base of loyal clients that come back again and again and are known as one of the best in the region.
Growth & Expansion:
To take the business to another level, adding additional electricians and a marketing campaign (currently all word-of-mouth marketing) would be recommended. The business has a 3-4 week waiting list to complete jobs. The work and opportunity is there - a bigger crew is all that is needed!
Support & Training:
2 weeks
Reason for Selling:
Retirement
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Doug Kose

Business Listed By:
Doug Kose

Transworld Business Advisors of Knoxville

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