$2 Million Electrical Contractor For Sale

Business description

If you have your electrical contractor's license and want to step into the big time, this opportunity is for you. The company is 30 years old and has a stellar reputation. It has a special niche and unique relationships with general contractors and real estate developers. It has done major jobs in office parks, technology parks and the health care arena. At the present time it has $400,000 in signed contracts and $2.6 million in bids outstanding.(These numbers change every month.) The business has a relationship in the health care field that will provide it with work for at least the next 7 years. There are 33 union employees broken down as follows: apprentice(5), area foreman(3), lead journeyman(2), foreman(7) and journeyman(16). The pay scale is as follows: 1st yr. apprentice - $10/hr, 2nd yr. apprentice - $12/hr., 3rd yr. apprentice - $14/hr., 4th yr. apprentice - $16/hr, 5th yr. apprentice - $18/hr, journeyman - $27/hr., lead journeyman - $27.30/hr., foreman - $28/hr., lead foreman - $28.30/hr. and area foreman - $31/hr.

Property information

Real Estate:

Lease

Lease terms:

Ranch home converted into commercial office. Rent to new owner would be $3,500/month, but the office can be located anywhere. An existing organization can absorb the business in their current premises and save the rent currently being paid. 22 vehicles worth $100,000.

Location:

In suburb of Metro Atlanta.

Other information

Expansion potential:

Future growth in commercial real estate, assisted living and health care will provide substantial expansion opportunities.

Competition / Market:

**** THIS BUSINESS CAN BE A FABULOUS STRATEGIC ACQUISITION FOR SOMEONE IN THE ELECTRICAL CONTRACTING FIELD OR THE CONSTRUCTION BUSINESS. **** There are other competitors in the same arena, but this business has a 30 year history and occupies a special niche.

Support & training:

The current owner will provide 4 weeks of transitional assistance.

Reasons for selling:

Retirement.

Trading hours:

Monday through Friday 8:00 a.m. - 5:00 p.m.

Financing available:

All cash.

Furniture / Fixtures value:

$100,000 (included in the asking price)