MergerPlace

Profitable Electrical Contractor

Northwest Michigan, Michigan


  • Asking Price: $395,000
  • Gross Income: $620,080
  • Cash Flow: $192,524
  • Real Estate: Not Disclosed
  • Inventory: $4,000
  • FF&E: $62,290
  • Listing ID: #205479
  • Established: 2004
  • Employees: 5

Business Description

Long established, fully-licensed and profitable electrical contractor in fast-growing Northwest Michigan. The company is well-known and highly regarded for exceptional customer service. The company provides superior electrical service and emergency generators throughout their geographic coverage. Clients are both residential and commercial, with excellent relationships with the leading homebuilders, construction companies, and contractors. Whether it is a simple repair, a remodel or new construction, this company knows how to service their clients from project concept to project completion.

Their mission is to deliver efficient, effective and economical solutions, that leave their clients 100% satisfied. They are the electrical contractor of choice in Northwest Michigan.

This company has two fully-stocked service trucks, with a team of Journeymen and Apprentice electricians.

***NOTE***
Because acquirer will likely be an existing licensed electrical contractor, the owner of the company has decided to put their business up for sale, using a bidding process that has been successfully used in the past by our firm. Let it be clear, this is NOT a distress or going out of business sale, but it is the offering for sale of a very successful and financially strong company through our unique bidding process.

The price is the Minimum Bid to be accepted for the sale of this business.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Michigan
Metropolitan Area: Northwest Michigan

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5

Financial Information

Asking Price: $395,000
Gross Revenue: $620,080
Cash Flow: $192,524
FF&E: $62,290
Inventory: $4,000
Seller Financing Available: Yes

Property Information

Facilities:

Buyer will have to secure a new location for the business. Currently, it is being run out of the owner’s home and property. Currently using a 24’ x 30’ exterior garage, plus a 12’ x 14’ office space.

Growth & expansion opportunities:

The company is well positioned to provide more service for a growing area and providing additional services by maximizing the company’s current resources. These include: • Increasing office staff to be responsible for keeping the website current, increase social media marketing, customer follow-up. • Additional truck with an electrician dedicated to service work. • Hiring an estimator/project manager to take advantage of the current market opportunity.

Competition:

There are several electrical contractors in the company’s service area, but they have significant differentiators giving it a clear advantage over its competitors. The first advantage is always providing the best of quality in workmanship compared to its competitors. Second, their superior customer service, provided by well-educated and properly trained electricians makes the company a standout in the region. In addition, its company with fully stocked service vehicles to keep each job properly supplied from day to day; a key ingredient necessary to satisfy customer deadlines. These factors are the foundation to their success including perhaps the most critical by any measure in the construction industry, a stable highly skilled workforce!

Reason for selling:

Retirement

Support & Training:

Owner willing to stay on for a period of time to allow the new owners to learn the business and assist in the transition.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Curtis Kuttnauer

Golden Circle Advisors, Inc.