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Established Electrical Contractor Profitable In North Carolina For Sale

North Carolina
Asking Price:
$750,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,700,000 (USD)
Cash Flow:
$329,783 (USD)

This electrical contractor services a 5 county area in a growing region of North Carolina. They have carried on the tradition of quality electrical service and installations for over 50 years. This company does $1.5mm+ annually with 75% commercial (government, healthcare, industrial and education) and 25% residential (custom, spec and remodels). This fully-licensed operates out of a 5,000 foot warehouse/office. They handle all commercial electrical needs for both new construction and renovations. Including lighting and data cabling. They have built a reputation as an expert while building an impressive customer list; including box stores, franchise systems, all levels of government, hospitals and more.

Property Information

Location:

Stand alone, located in North Carolina

Premises Details:

The business is run from their owned warehouse/office 5,000 sq. ft. on slightly less than 1 acre of land. The owners will consider a competitive offer for a sale or will consider offering a lease for a qualified buyer.

Size in square feet:
5,000

Business Operation

Expansion Potential:

Very little, almost nothing has been spent for advertising. The sale of generators could be expanded which is 10% of sales currently.

Competition / Market:

Some competition exists. No one can offer the breath of services this company offers in their market.

Reasons for selling:

Second generation owner wants to travel.

Trading hours:

M to F 8 to 5 24/7 service

Employees:
17 full time, 4 contractors, 3 managers
Years established:
This business was formed in the 1940's.

Other Information

Support & training:

Owner will stay on to insure a smooth transition for at least 60 days. Other arrangements can be made to have the owner stay on longer.

Financing available:

Seller will Participate in SBA mandated financing if required.

Furniture / Fixtures value:
$361,753 (USD) - included in the asking price
Inventory / Stock value:
$95,000 (USD) - included in the asking price

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