Growing Western Kentucky Electrical Contractor For Sale

Business description

Growing Western Kentucky Electrical Contractor - Growing Western Kentucky Electrical Contractor is active in several highly profitable businesses, with electrical contracting on a national basis provides over 50% of the company’s revenue. The company expects 2011 sales to exceed $12M, with over two-thirds of these sales already under contract by 3/31/2011. Planned 2012 sales are $15M or more. Thus, the high growth that the company has enjoyed for the past few years is expected to continue and increase. The company has several efforts well underway that are explicitly formulated to meet these growth objectives while retaining the company’s high levels of profitability. The company’s current owners, who manage the company, have owned the company for over a decade of its several decades of existence.

Furniture, Fixtures, & Equipment: $ 1,850,000
Vehicles and / or rolling stock: $ 1,200,000
Inventory: $ 1,550,000
Accounts Receivable (if included): $ -0-
Land and Buildings (if included): $ 1,000,000
Other Assets: $ -0-
Current Liabilities to be assumed: $ -0-
Current Notes to be assumed $ -0-
Asking Price: $ 13,000,000
Down Payment: $ 2,600,000
Annual Sales Volume: $ 8,725,000
Cash Flow: $ 1,725,000

Property information

Real Estate:

Real Property Included

Location:

Well located buildings totaling approximately 20,000 sq. ft. on approximatey 6 acres.

Business Operation

Expansion potential:

The business has several excellent expansion opportunities, and the Owners are currently pursuing some of them.

Competition / Market:

This business competes extremely effectively in makets across the USA.

Reasons for selling:

Retire early.

Trading hours:

Monday - Friday, 7:00 am - 5:00 pm (on call 24/7)

Employees:

75

Years established:

39 years - since 1972

Other information

Support & training:

Negotiable

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

The Sellers will provide up to $1,000,000 of financing, but only if absolutely required by the Buyer's Lender.

Furniture / Fixtures value:

$1,850,000 (included in the asking price)

Inventory / Stock value:

$1,550,000 (included in the asking price)