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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 @marvingroupllc.com address with an NDA attached.


Financials

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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Also See: Franchise Opportunities > Franchise Resales > Illinois Businesses For Sale > Illinois Franchises For Sale > Illinois Business Brokers



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