30 Year Commercial & Industrial Electrical Contractor - SOLD
Location: Greater CincinnatiListing Number: 3618del
Financial Information
Asking Price: $850,000Gross Revenues: $2,533,806
Cash Flow: $690,451
Real Estate: Leased space
Business Description
This is an outstanding opportunity to purchase a 30 year, non – union electrical contractor from a retirement aged owner who founded the company. Sales grew 30% from 2015 to 2016 and 40% from 2016 to 2017 and 2018 is off to a great start. Owner earnings exceeded $690,000 in 2017. All the company’s work is in the commercial and industrial areas with no residential work being performed. The company enjoys long term relationships with loyal customers. Their work includes new construction, remodeling, conveyor and controls work, service work, and working with general contractors. Key to the success of the business is their long – tenured and loyal staff. Their staff includes 5 master electrician who have been with the company an average of 23 years. They operate out of a very nice 5,700 square foot office / warehouse. The business is offered as an asset purchase, free and clear of debt. Owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:
SBA loan pre – qualified
Includes over $100,000 in tools
Uses industry estimating software
Includes over $50,000 in inventory
Includes over $90,000 in trucks & trailers
Includes over $10,000 in office equipment
Class A customers with no accounts receivable issues
Excellent books & records – all numbers are verifiable