General Electrical Services Contractor with Real Estate & Inventory

669

General Electrical Services Contractor in business since 1974 operating as a one man business. Owner often worked a second job overnight then his electrical business 7 am - 3 pm daily. Owner is currently semi-retired working as needed to remain active and simply because he loves the business. Business has no debt and an excellent reputation for service. The purchase of the business offers an excellent opportunity for a business person or an enterprising electrician to break out on their own as a General Electrical Contractor.  Current owner is willing to stay on as needed to assist new owner in growing/developing the business. Owner truly feels this business can quickly grown exponentially utilizing a team of 5-8 electricians and aggressively pursuing all opportunities in the market.

Competition:

This is a very competitive industry. Owner feels there are many good companies, but definitely room for more good companies who focus on service and their clients. He feels the threat to the industry is "pop up" shops focusing on low cost shabby work. Also, contractors who sell their licenses resulting in inferior work at lower prices. The current owner feels the industry can support another quality electrical company. This opportunity comes with an excellent reputation, a current owner who is willing to stay on to support the new owner, an excellent warehouse/office building capable of meeting the needs of a growing business, a vast inventory of parts/supplies, as well as two trucks and additional equipment. A new aggressive owner can hit the streets running from day one.

Growth Potential:

Realistic growth in the range of 4 to 5 times current levels can be achieved with proper planning, greater social media & market presence, and a quality team of electricians. Quality and service have no equal and sell themselves.

Training/Support:

Current owner is willing and eager to assist the new owner in anyway necessary. Owner is willing to remain on as an employee, consultant, and mentor. As a one person business, the current owner built his business on personal service. He wants to transition that good will and success into assisting a new owner to quickly take this business to the next level.

Seller Financing:

Not owner financed. All items included in the $279,000 Sale Price (building, inventory,

Sale Reason:

Owner is semi-retired. Works as a General Electrical Contractor. Business has provided a comfortable