35+ Year Electrical Contractor - SOLD

35+ Year Electrical Contractor - SOLD Location: Cincinnati
Listing Number: 81618

Financial Information

Asking Price: $305,000
Gross Revenues: $695,000
Cash Flow: $123,000
Real Estate: Available to purchase in addition to the asking price for the business or lease is available.

Business Description

This is an outstanding opportunity to purchase a 35+ year, non – union electrical contractor from a retirement aged owner who founded the company.  Sales have grown 17% over the past 3 years and 2018 is off to a good start.  The company services the residential, commercial, and industrial needs of their customers including: electrical installation, troubleshooting, operator training and consultation services.  In addition, the company has a strong background in electrical engineering, electronics, and motor control circuits.  They can install any light or fixture and are experienced installers of control automation for homes and offices.  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

Clean books and records

Uses industry estimating software

Property available in addition to the asking price

Uses Kickserv field service management software

Very broad base of long-term & repeat customers

Includes all inventory, tooling, equipment, and 3 service vans