MergerPlace

35+ Year Electrical Contractor

Cincinnati, Ohio (Hamilton)


  • Asking Price: $305,000
  • Gross Income: $695,000
  • Cash Flow: $123,000
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $15,000
  • Listing ID: #208846
  • Established: 1983
  • Employees: 4

Business Description

This is an outstanding opportunity to purchase a 35+ year, non – union electrical contractor from a retirement aged owner who founded the company. Sales have grown 17% over the past 3 years and 2018 is off to a good start. The company services the residential, commercial, and industrial needs of their customers including: electrical installation, troubleshooting, operator training and consultation services. In addition, the company has a strong background in electrical engineering, electronics, and motor control circuits. They can install any light or fixture and are experienced installers of control automation for homes and offices. The business is offered as an asset purchase, free and clear of debt. Owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:

SBA loan pre – qualified
Clean books and records
Uses industry estimating software
Property available in addition to the asking price
Uses Kickserv field service management software
Very broad base of long-term & repeat customers
Includes all inventory, tooling, equipment, and 3 service vans


Business Details

Primary Business Category: Contractors - Special Trade
Location: Ohio
Metropolitan Area: Cincinnati
County: Hamilton

Company Information

Year Established: 1983
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4

Financial Information

Asking Price: $305,000
Gross Revenue: $695,000
Cash Flow: $123,000
EBITDA: $123,000
FF&E: $15,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

This is a very nice facility close to the interstates with plenty of room for expansion. The property is for sale in addition to the asking price for the business.

Growth & expansion opportunities:

Very little to no marketing has taken place in the history of the company. A sales driven buyer would have an immediate and positive impact on this company.

Competition:

This is a competitive industry, but because of the company’s reputation for excellent service, the service calls continue to come in on a regular basis.

Reason for selling:

The seller is truly of retirement age.

Support & Training:

The seller will train in all aspects of the business and will be available to ensure a smooth transition.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers