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Phenomenal Commercial Electrical Contractor
Location: United States -> Tennessee -> Memphis
Industry: Business Services > Other Services

Business Summary

Since 1974, this business has been the premier commercial electrical contractor in the northeastern region of Memphis, Tennessee. While never the largest electrical contractor, the business achieved a reputation for quality work at a competitive price... a philosophy that is still maintained today.
The business boasts a staff of 36 active full-time employees, more than half of which have been with the company for over 10 years. The business has a longstanding and loyal clientele, and does work with 10-12 general contractors on a regular basis.

The modern facility that houses this business is a leased 2,000sqft. commercial office space which includes a reception area, 2 private offices, 2 restrooms, and a break room. An additional 4,000sqft. warehouse is included, with another large private office and two larger rooms for storage. Other physical assets included in this sale are the company vehicles which include: 4 Service Vans (2004, 2005, 2010, and 2011 Ford Econoline), 2 Delivery Trucks (2003 Ford F450SD w/ lift gate & 2005 Ford F350SD w/ lift gate), 2 Personal Trucks (2013 Ford F150 Platinum & 2014 GMC Sierra Denali), and a 1997 Chevrolet C34 Bucket Truck with a 40ft. reach.

This business has a PRIME location, seated on the main boulevard that runs through the northeastern suburb of Memphis, TN. The business has required very little advertising, as most new business is generated through word of mouth accolades alone. From 42 years in business, it has earned a name that is well-known and respected in both the market area and business arena, and the business has a longstanding and loyal clientele.

Sales revenues and profits have consistently increased over the last 3 years, and the business has been able to consistently cover its costs with sales revenue.

Asking $2mm
Call 866.367.4198 for more details!


Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $3,705,475
Cash Flow:   $580,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $225,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1974
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Currently, the business has 36 active full-time employees. The business has staff and management in place to help a new owner successfully manage the transition and to provide continuity after the owners' departure. Over 1/2 of the staff members have been with the company for more than 10 years, and the business has maintained a customer database o
Reason For Selling:  Retirement

Print Listing Id: 700267724
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Also See: Franchise Opportunities > Franchise Resales > Tennessee Businesses For Sale > Tennessee Franchises For Sale > Tennessee Business Brokers

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