Profitable & Well Respected Electrical Contractor

MI (Relocatable)

Profitable & Well Respected Electrical Contractor
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Asking Price: Get Financing: $296,000

Cash Flow: $136,188

Gross Revenue: $620,080

EBITDA: N/A

FF&E: $62,290

Inventory: $4,000

Established: 2004

Profitable & Well Respected Electrical Contractor

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Business Description

Opportunity to Live & Work OR Have a Branch in NW Michigan

Long established, fully-licensed and profitable electrical contractor in fast-growing Northwest Michigan. The company is well-known and highly regarded for exceptional customer service. The company provides superior electrical service and emergency generators throughout their geographic coverage. Clients are both residential and commercial, with excellent relationships with the leading homebuilders, construction companies, and contractors. Whether it is a simple repair, a remodel or new construction, this company knows how to service their clients from project concept to project completion.

Their mission is to deliver efficient, effective and economical solutions, that leave their clients 100% satisfied. They are the electrical contractor of choice in Northwest Michigan.

This company has two fully-stocked service trucks, with a team of Journeymen and Apprentice Electricians.

***NOTE***
Because acquirer will likely be an existing licensed electrical contractor, the owner of the company has decided to put their business up for sale, using a bidding process that has been successfully used in the past by our firm. Let it be clear, this is NOT a distress or going out of business sale, but it is the offering for sale of a very successful and financially strong company through our unique bidding process.

The price is the Minimum Bid to be accepted for the sale of this business.

Detailed Information

Inventory:
Included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Buyer will have to secure a new location for the business. Currently, it is being run out of the owner’s home and property. Currently using a 24’ x 30’ exterior garage, plus a 12’ x 14’ office space.
Competition:
There are several electrical contractors in the company’s service area, but they have significant differentiators giving this electrical contractor clear advantages over its competitors. The first advantage is always providing the best of quality in workmanship compared to its competitors. Second, their superior customer service, provided by well-educated and properly trained electricians, makes this company a standout in the region. In addition, this company has fully stocked service vehicles keep each job properly supplied from day to day; a key ingredient necessary to satisfy customer deadlines. These factors are the foundation of their success including perhaps the most critical by any measure in the construction industry, a stable highly skilled workforce!
Growth & Expansion:
This company’s outstanding provides outstanding service for a growing area and is well positioned to provide additional money making services by maximizing the company’s current resources. These include: • Increasing office staff to be responsible for keeping the website current, increase social media marketing, customer follow-up and expand on brand awareness. • Additional truck with an electrician dedicated exclusively to service work. • Hiring an estimator/project manager to take advantage of the current market opportunity. • Provide emergency “same day” service priced at a premium
Support & Training:
Owner willing to stay on for a period of time to allow the new owners to learn the business and assist in the transition.
Reason for Selling:
Retirement
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Curtis D. Kuttnauer

Business Listed By:
Curtis D. Kuttnauer

Golden Circle Advisors

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