MergerPlace

25 Year Commercial Electrical Contractor

Cincinnati, Ohio (Hamilton)


  • Asking Price: $943,000
  • Gross Income: $3,045,000
  • Cash Flow: $360,000
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $197,000
  • Listing ID: #214841
  • Established: 1993
  • Employees: 15

Business Description

The retirement aged seller of this full - service electrical contractor provides a complete range of services including electrical system installation, maintenance, and repair as well as the installation of fire alarm and structured cabling systems. This company counts many of Cincinnati’s largest companies among their list of satisfied clients. Whether it is a retail store, an office building, a warehouse, or a big box store, this company has the experience to successfully accomplish the task. This business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:

SBA loan qualified
Long tenured staff to assist in management
Clean books and records – all numbers are verifiable
Price includes all equipment valued at over $197,000
Price includes all inventory estimated at over $10,000
Fully staffed fleet of 10 service vehicles and a bucket truck
8,000 SF building available for purchase in addition to the asking price
Great growth potential as no focused sales or marketing effort has ever existed


Business Details

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

Company Information

Year Established: 1993
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 15

Financial Information

Asking Price: $943,000
Gross Revenue: $3,045,000
Cash Flow: $360,000
EBITDA: $360,000
FF&E: $197,000
Inventory: $10,000
Seller Financing Available: No

Property Information

Facilities:

The facility is 8,000 square feet which includes office and warehouse space. It is available to purchase in addition to the asking price for the business.

Growth & expansion opportunities:

The company needs to engage more in electronic marketing. Their marketing efforts have been minimal at best. In addition, the owners feel that marketing directly to building owners is a way to increase sales as well.

Competition:

The company has a host of clients that have been clients of theirs for many years. These clients, in turn, have referred many news clients through the years.

Reason for selling:

The owner is of retirement age and ready to pass the business onto a quality buyer.

Support & Training:

The owner will train in all aspects of the business and will be available to ensure a smooth 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:

Dan Long

Cincinnati Business Brokers