MergerPlace

Established Electrical Contractor

Oklahoma


  • Asking Price: $925,000
  • Gross Income: $575,404
  • Cash Flow: $170,205
  • Real Estate: $250,000
  • Inventory: $995
  • FF&E: $368,798
  • Listing ID: #212588
  • Established: 1994
  • Employees: 6 FT

Business Description

This long established, fully-licensed and profitable electrical contractor serving the Metro OKC area is well-known and highly regarded for exceptional customer service. This is a fantastic opportunity to acquire an established and profitable full-service industrial, commercial and residential electrical contracting business which, for the past 20 plus years, has been serving the greater metro areas of OKC. Established in 1994, this fully-licensed master electrical contractor operates out of a 2000 square foot location in the OKC Metro and handles all commercial electrical needs for both new construction and renovations. This business has built its reputation as an expert in the field and industry leader, all while building an impressive customer list, from retailers, schools, public institutions, residential and many more. To ensure a successful hand-off to the Buyer, the Seller is available to remain on and actively involved in the business operations for an extended period to transfer his knowledge and industry relationships. The sale includes all equipment as well as several vehicles and trucks used for its projects. This well established and consistently profitable business is a full service electrical contractor providing professional services to commercial, residential, and industrial customers. The owners are mostly hands on with a manager on staff running operations. There are 6 employees including ownership.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Oklahoma

Company Information

Year Established: 1994
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT

Financial Information

Asking Price: $925,000
Gross Revenue: $575,404
Cash Flow: $170,205
FF&E: $368,798
Inventory: $995
Real Estate: $250,000
Seller Financing Available: Yes

Property Information

Facilities:

Over the past several years, the owner has made a conscious decision to instill well-defined systems and processes to help increase the efficiency of the business. The business runs as a turnkey operation and the owner is in the field daily mostly as an overseer and focuses on long term strategic goals as well as quality control. The Real Estate includes a 2000 square foot building and is available as well and is offered separately from the business price for $250,000.00.

Growth & expansion opportunities:

Instead of committing a lot of financial resources to advertising the current owner has chosen to count on his loyal repeat customers by providing excellent customer service. Obviously, a new owner could increase marketing and adverting to increase revenue and earnings. This business has a high potential for growth with Industrial and commercial services (80%) and residential services (20%).

Competition:

This is a Turnkey Operation witch had sales of over 1.3 million in 2016. The profit margin has improved as well and is currently over 25%. The company is at capacity and is turning jobs away. Electrical contractors worldwide depend on construction activity as well as demand for renovation. The global volume of construction is forecast to grow by 85% to $15.5 trillion by 2030, according to a report by Global Construction Perspectives and Oxford Economics.

Reason for selling:

The owner wants to retire to spend more time with his family and for his passion; hunting.

Support & Training:

Will train for 2 weeks @ $0 cost.

Contact Business Seller

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Business Listed By:

Geary Welch

Murphy Business Brokers