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Commercial, Residential Electrical Contractor
Location: United States -> Illinois -> Iroquois County
Industry: Business Services > Other Services

Business Summary

This listing is for a profitable electrical contractor located in east/central Illinois that is available to a qualified buyer. This business offers a buyer a yearly income of over $180,000. The business specializes in commercial electrical services for the agricultural sector like grain elevator companies and fertilizer manufacturers. For an electrical contractor, it is a terrific add-on for a niche, specialized industry that is underserviced. The business has contracts and great professional relationships with multiple grain co-ops and fertilizer manufacturing companies with a fantastic reputation in their marketplace. However, they are not limited to just commercial agricultural services. Other services include (but are far from limited to) cable tracing, code corrections, computer & communications cabling, lighting maintenance, restaurants, parking lot lights, office renovations and much, much more. The commercial segment of their business makes up the bulk of their business (85%). However, the also perform residential electrical service to make up the remaining 15%. Their clients have committed tp five-year projects that should maintain $900,000 to $1,000,000 in annual sales. Just about any kind of electrical issue in one-s home can be taken care of by this company as well. In addition to the strong revenues and cash flow, over $120,000 in assets is to be transferred with the business sale. Their real estate is owned by the seller and available separately from the asking price for $165,000. It is 1,700 sq ft of space and there are two tenants that rent space there bringing in $18,000/year in rent for the owner. The seller will stay on as a GM/Project Manager for at least 1 year after the sale. If you would like more information about this business, or if you would like to schedule a site visit, please contact the agent either by phone or by email. Email inquiries will be responded to with an email from an address with an NDA attached.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $959,282
Cash Flow:   $248,744
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $139,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1964
Number of Employees:  6 - 9
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Seller will stay on in GM/Project Manager capacity for up to 1 year.
Reason For Selling:  Retirement

Print Listing Id: 700342459
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