Electrical Business For Sale
www.GlobalBX.com
Listing ID:
700355239
Listing Title:
Electrical Business For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=355239
Industry:
Business Services
Industry Segment:
Other Services
Country:
United States
State / Province:
Michigan
Area
City:
Ann Arbor
Asking Price Range:
$1.0M - $2.5M
Gross Revenues:
$1,002,248
Cash Flow:
$347,976
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1986
Number of Employees:
6 - 9
Business Description:
Asking $325,000 for this Electric business. Owner would like to retire and leave 4 electricians and office staff in good hands with another great company for them to thrive in. Seller currently does the estimating and is willing to train a new owner if buyer needs trained and/or would like additional mentoring. Owner has good loyal 3rd customer list; 80% residential, 20% commercial and industrial customers. Employees have been with the business for a long time. There are 2 vans, a bucket truck, one trailer, and a Bobcat with bucket and forks that come with the purchase of this business. Inventory is negotiable and currently is maintained at an approximate value of $70,000 (not included in ask price). SDE cash flow is reflected in this advertisement. This is a non-union shop.
Financing: Seller may consider a partial sellers note with a meaningful down payment.
NOTE: In order to own this business you or someone on your team must have a master electrician's license and an Electrical Contractor's license through the state of MI. Seller is willing to work with a qualified prospective buyer on this for a pre-agreed upon period of time.
Facilities: Leased location has a one-year option to renew. It is currently operating out 2400 sq ft commercial building which includes a warehouse, garage, storage areas, and offices.
Competition: This business has a great reputation for excellence and quality in its work and customer service.
Growth/Expansion: This has been a very steady stream of income for the owner for many years. Income could possibly be increased by securing more commercial accounts.
Support/Training: Owner is willing to assist buyer as agreed to and needed.
Reason Selling: Retirement
Employees: 5 2 PT, 4 FT plus owner
If interested in this business you must complete and return a NDA (confidentiality and non-disclosure/non-circumvent agreement) . Call Broker for more information.
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