Electrical Contractor In Montana And North Dakota For Sale

Business description

This firm deals in oilfield construction, new equipment installation and repairs (mainly replacement of electrical pump motors and panels) in the energy fields of Montana and North Dakota. With over 30 years of service in the same area this company does no advertising and regular customers keep the phones ringing. Primarily a Monday through Friday daytime operation the owner does supply his regular customers with emergency service 24 / 7 if needed but this is a very small portion of the business. Seller is ready to semi-retire but would be willing to work for or with a new owner (on a flexible schedule) or master for a new owner until new owner is able to complete their Montana Master Electrician License requirements. Seller is easy going guy and has several part time electricians willing to work for him when needed. All clients pay on time and business has a strong even cash flow. *Seller is Motivated*

Property information

Real Estate:

Real Property Included

Premises details:

Nice shop with 2 offices, Storage area, 2 man doors and 1 roll up door. Located on several acres of ground right off state highway. Flat with plenty of parking.

Business Operation

Expansion potential:

Current operator does only commercial oilfield work, so new owner could add more sales by hiring more electricians. Also expansion into commercial buildings or residential could bring more business if so desired.

Competition / Market:

Two other electricians within an 80 mile radius work on similar equipment. Everyone is busy and no advertising is done as clients have been with the business for a long time and are loyal. More sales could be achieved if new owner desired to hire more electricians.

Reasons for selling:

Semi Retire

Employees:

1-3

Years established:

1990

Other information

Support & training:

Seller will negotiate transition period with buyer to do training, personal introductions to clients, work with vendors and other suppliers. Seller will support buyer after the sale and would possibly be interested in working for buyer.

Financing available:

As negotiation in Asset Purchase Agreement.

Furniture / Fixtures value:

$300,000 (included in the asking price)

Inventory / Stock value:

$87,000

Related documents:

• 
• CNDA Packet