Profitable and Established Electrical Contractor Business

OK

Seller Financing Available
Profitable and Established Electrical Contractor Business
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Asking Price: $925,000

Cash Flow: $240,290

Gross Revenue: $665,054

EBITDA: N/A

FF&E: $368,798

Inventory: $995

Real Estate: $250,000*

Established: 1994

*not included in asking price.

Profitable and Established Electrical Contractor Business

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Business Description

Well Established Electrical Contractor Business

This long established, fully-licensed and profitable electrical service contractor serving the Metro OKC area is well-known and highly regarded for exceptional customer service. This is a fantastic opportunity to acquire an established and profitable full-service industrial, commercial and residential electrical contracting business which, for the past 20 plus years, has been serving the greater metro areas of OKC. Established in 1994, this fully-licensed master electrical contractor operates out of a 2000 square foot location in the OKC Metro and handles all commercial electrical needs for both new construction and renovations. This business has built its reputation as an expert in the field and industry leader, all while building an impressive customer list, from retailers, schools, public institutions, residential and many more. To ensure a successful hand-off to the Buyer, the Seller is available to remain on and actively involved in the business operations for an extended period to transfer his knowledge and industry relationships. The sale includes all equipment as well as several vehicles and trucks used for its projects. The owners are mostly hands on with a manager on staff running operations. There are 6 employees including ownership.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,000
Employees:
6 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Over the past several years, the owner has made a conscious decision to instill well-defined systems and processes to help increase the efficiency of the business. The business runs as a turnkey operation and the owner is in the field daily mostly as an overseer and focuses on long term strategic goals as well as quality control. The Real Estate includes a 2000 square foot building and is available as well and is offered separately from the business price for $250,000.00.
Competition:
This is a Turnkey Operation witch had sales of over 1.3 million in 2016. The profit margin has improved as well and is currently over 25%. The company is at capacity and is turning jobs away. Electrical contractors worldwide depend on construction activity as well as demand for renovation. The global volume of construction is forecast to grow by 85% to $15.5 trillion by 2030, according to a report by Global Construction Perspectives and Oxford Economics.
Growth & Expansion:
Instead of committing a lot of financial resources to advertising the current owner has chosen to count on his loyal repeat customers by providing excellent customer service. Obviously, a new owner could increase marketing and advertising to increase revenue and earnings. This business has a high potential for growth with Industrial and commercial services (80%) and residential services (20%).
Financing:
$832,500 down/$92,500 for 36 mos. @ 7%
Support & Training:
Will train for 2 weeks @ $0 cost. The Company is primarily focused on a local/regional market generally within 60 miles of its headquarters. The Company has a long history of strong cash flow and represents an outstanding opportunity for an owner operator, or a company looking towards expansion for a strategic industry buyer, or a financial buyer looking to add an electrical contractor to their portfolio of companies.
Reason for Selling:
The owner wants to retire to spend more time with his family.
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Geary Welch

Business Listed By:
Geary Welch CMEA, SBA

Murphy Business & Financial Corporation

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