MergerPlace

Outdoor Architectural Lighting

Virginia


  • Asking Price: $575,000
  • Gross Income: $579,000
  • Cash Flow: $215,950
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $85,000
  • Listing ID: #199827
  • Established: 1998
  • Employees: 1 FT/10 PT

Business Description

An established, well respected and profitable specialty outdoor lighting business that custom designs, installs and maintains architectural accent lighting systems and landscape lighting systems serving a major portion of the state of Virginia for over 17 years. The company offers full-service, residential and commercial outdoor lighting systems that illuminates and highlights the beauty of the exterior features of the home, landscape or commercial property.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Virginia

Company Information

Year Established: 1998
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT/10 PT

Financial Information

Asking Price: $575,000
Gross Revenue: $579,000
Cash Flow: $215,950
FF&E: $85,000
Seller Financing Available: Yes

Property Information

Facilities:

The business is operated out of leased office space within the service area however it is believed that a physical location is not necessary to operate the business effectively. The current ownership has stated that a home office would be adequate for day-to-day operations. A storage facility is strategically leased in the middle of the service area in order for employees to conveniently maintain inventory and parts for jobs all over the state.

Growth & expansion opportunities:

The company has limited their opportunities to some extent due to the owner’s desire of being involved in the design, quoting and selling of projects. As a result of the owner’s time limitations, the company has more narrowly focused on larger projects while ignoring the larger middle market of homes. Growth opportunities in this industry are tremendous as more residential and commercial property owners take notice of the beauty enhancement that these lighting systems can bring to a property. There is also believed to be more work in the service and maintenance side of the business that can be tapped into as well.

Competition:

The competition in this industry comes mostly from Landscape and Irrigation companies that are trying to expand or add another arm to their business. The disadvantages that this type of competitor faces is that they do not have the experience, knowledge, reputation or expansive former client base to draw business from. The company has 17 years of experience, a skilled labor force, professional presentation/design and an impressive portfolio of work done around Virginia.

Reason for selling:

Owners are looking to retire.

Support & Training:

Will train for 4 weeks @ no cost. The company offers customized design, installation and maintenance of outdoor lighting systems for high end to moderate homes and commercial properties. Products installed are of exceptional high quality. Products provided by manufacturers come with a 10-year to lifetime warranty. The Company is a Class A Licensed Contractor in the State of Virginia.

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Business Listed By:

Richard Halterman

Murphy Business Brokers