20 Year Commercial & Industrial Electrical Contractor

20 Year Commercial & Industrial Electrical Contractor Location: Cincinnati
Listing Number: 5673322

Financial Information

Asking Price: $3,100,000
Gross Revenues: $5,839,000
Cash Flow: $1,204,000
Real Estate: Lease available or property for sale by company owner

Business Description

This is a well established and well operated debt free company that is being sold by a retirement aged seller. Sales have averaged $5,839,000 with seller discretionary earnings averaging $1,204,000 from 2014 – 2016.  Staff includes an 18 year office manager in addition to 20 field personnel with an average employment of 8 years.  This company specializes in only commercial and industrial customers with absolutely no residential customers.  They will do anything from hooking up receptacles to installing 15,000 volt feeder cables.  Highlights include:

 

 

Equipment valued at more than $300,000 included in the asking price

Inventory valued at $25,000 - $50,000 included in the asking price

Business is located on a 2 acre lot with room for expansion

Property available in addition to the asking price

Seller uses industry software for estimating jobs

Seller is willing to work for the buyer

No accounts receivable issues

Great list of clientele