MergerPlace

Electrical Contractor

Georgia


  • Asking Price: $497,000
  • Gross Income: $729,396
  • Cash Flow: $79,897
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $92,961
  • Listing ID: #224719
  • Established: 1985
  • Employees: 8 FT

Business Description

This Electrical Contracting business is 95% Commercial, 5% Residential. The majority of work is bid /contract. Some service, and T&M (time & materials) or negotiated.

The company has an excellent reputation and working relationship with several general contractors in the northeast Georgia area. They are often given opportunities to work on negotiated projects due to this relationship. This company is known for integrity and professionalism.


Business Details

Primary Business Category: Construction - Building, Developing
Location: Georgia

Company Information

Year Established: 1985
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 8 FT

Financial Information

Asking Price: $497,000
Gross Revenue: $729,396
Cash Flow: $79,897
FF&E: $92,961
Seller Financing Available: No

Property Information

Facilities:

The business operates out of a facility owned by the seller. 2400 sq ft at ground level, 640 sq ft unfinished upstairs, a 520 sq ft metal shed, and a semi-trailer used as a job / storage trailer. The seller will consider selling the facility or leasing the facility to the new owner. The seller owns the facility separately and charged himself rent of $1950 per month in 2019. If the buyer wishes to lease the building, the owner is willing to lease at fair market rent. The buyer also has the option of moving the business to another location.

Growth & expansion opportunities:

Hire more employees and delegate more work. Expand bidding.

Competition:

Of course there are several Electrical Contracting businesses that operate in the area. This business has the advantages of an excellent reputation for quality work and low overhead.

Reason for selling:

Owner; Ready for change. Wanting to semi retire (40 years in the electrical trade).

Support & Training:

Will train for 4 weeks @ no cost This Electrical Contracting business is 95% Commercial and 5% Residential. The business requires a Master Electrician License. The owner may consider staying in the business for a period of time for the right buyer.

Contact Business Seller

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Business Listed By:

Tony Samples

Murphy Business Brokers