MergerPlace

Scalable Lighting Solutions

Virginia


  • Asking Price: Not Disclosed
  • Gross Income: $2,572,591
  • Cash Flow: $388,715
  • Real Estate: Not Disclosed
  • Inventory: $300,000
  • FF&E: $261,795
  • Listing ID: #209053
  • Established: 1983
  • Employees: 15 FT

Business Description

Full service commercial lighting solutions and products company that upgrades and retrofits customers' current lighting with efficient LED innovation and control systems. These lighting solutions and lighting products essentially pay for themselves with the savings from reduced energy use. The Company also offers design, installation, maintenance services and only proprietary, long life, professional grade lighting products. The company's staff totals 16 full-time sales account managers, office staff and electrical service employees, including one principal.

Excellent opportunity to continue organic growth path or to use as a platform for add-on growth acquisitions.


Business Details

Primary Business Category: Wholesale Trade - Nondurable Goods
Location: Virginia

Company Information

Year Established: 1983
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 15 FT

Financial Information

Gross Revenue: $2,572,591
Cash Flow: $388,715
FF&E: $261,795
Inventory: $300,000
Seller Financing Available: No

Property Information

Facilities:

The company operates from a 1 ½ acre complex in the vicinity of Virginia Beach, Virginia. The facility can accommodate significantly higher revenues without major facility improvements. The facility is available for lease.

Growth & expansion opportunities:

Management cites several opportunities to accelerate growth trends over the years by increasing sales and marketing, and expanding geographically through targeted acquisitions.

Competition:

Success in the commercial lighting industry is driven by access to the latest and most efficient technology and techniques, marketing expertise, key contacts within targeted industries, consistent sources of work, the ability to vary services to suit different needs, having a diverse range of customers, effective quality control, and having a good reputation. The Company excels in each of these areas and is well positioned for continued future growth and success. The Company is one of the few lighting distributors that guarantees the performance of its products. The company buys direct from manufacturers all over the world.

Reason for selling:

The principal is pleased with the success the Company has achieved and recognizes that it is well positioned for continued growth; however, new ownership with greater capital and human resources may be better suited to take the Company to the next level. Being in the lighting business since 1976, the principal is excited to assist with these goals as well as have an exit strategy plan for semi-retirement.

Support & Training:

Will train for 4 weeks @ no cost Established for over 30 years, the company upgrades and retrofits customers' current lighting system with a return on investment of two years or less. Businesses and organizations of all types have benefited from lighting solutions and systems that essentially pay for themselves with the savings from reduced energy use. As a key player on a customers' lighting team, the company performs the following key steps: · Analyzes lighting requirements and reviews current energy usage · Guarantees Pricing – to be the best with apples to apples product comparison · Educates businesses on advanced lighting technology for the 21st Century · Calculates the savings and return on investment as a result of the lighting upgrade. Show pay back in energy, labor, and lamp costs · Demonstrates the recommended lighting products for a specific situation so that customers literally see the difference improved lighting can make, literally right in front of their eyes · Provides full turn-key lighting solutions. Every light product that is presently being used can be upgraded by the company to a long-life product · Provides 10 year product warranty Services · Energy Consultation · In-house Customer Support/Service · Full staff of service technicians that specialize in all types of lighting related issues: Parking Lot Lights, Full-sized Bucket Truck and Lift Services, Lighting Upgrades/LED, Warehouse, Office, Exterior Lighting

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Business Listed By:

Tully Ryan

Murphy Business Brokers