Profitable long established Electrical Contractor

NC

ELECTRIC1
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Asking Price: $750,000

Cash Flow: $320,000

Gross Revenue: $1,700,000

EBITDA: N/A

FF&E: $361,753

Inventory: $95,000

Real Estate: $300,000*

Established: 1948

*not included in asking price.

Profitable long established Electrical Contractor

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Business Description

This electrical contractor services a 5 county area in a growing region of North Carolina. They have carried on the tradition of quality electrical service and installations for over 50 years. This company does $1.5mm+ annually with 75% commercial (government, healthcare, industrial and education) and 25% residential (custom, spec and remodels). This fully-licensed operates out of a 5,000 foot warehouse/office. They handle all commercial electrical needs for both new construction and renovations. Including lighting and data cabling. They have built a reputation as an expert while building an impressive customer list; including box stores, franchise systems, all levels of government, hospitals and more.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
5,000
Employees:
24
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is run from their owned warehouse/office 5,000 sq. ft. on slightly less than 1 acre of land. The owners will consider a competitive offer for a sale or will consider offering a lease for a qualified buyer.
Competition:
Some competition exists. No one can offer the breath of services this company offers in their market.
Growth & Expansion:
Very little, almost nothing has been spent for advertising. The sale of generators could be expanded which is 10% of sales currently.
Financing:
Seller will Participate in SBA mandated financing if required.
Support & Training:
Owner will stay on to insure a smooth transition for at least 60 days. Other arrangements can be made to have the owner stay on longer.
Reason for Selling:
Second generation owner wants to travel.
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George Bradbury

Business Listed By:
George Bradbury

ENLIGN Business Brokers

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Sponsoring Broker:
Jeff Snell, CM&AP, M&AMI, LCBI, ABI

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