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Asking Price$2,495,000
Revenue$6,954,385 Established1985
Cash Flow$568,350 EmployeesUndisclosed
FF&EUndisclosed* FranchiseNo
InventoryUndisclosed* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This well-known and respected Knoxville-based Commercial Electrical Contractor was founded more than 30 years ago.  A leader in the industry that attracts work from all over East Tennessee and surrounding states, the companies' ability to perform is wide ranging.  Its customers base includes hospitals, stadiums, convention centers, schools, etc.  The company's mission is to offer quality work, safety, and prompt/professional service.  This is evident through its reputation as it possesses an Unlimited Classification on its State License, and has a Full Bonding Program.  These designations show how much confidence there is for the company to deliver on its mission.  Numerous multimillion dollar contracts are available each year in the region and this company consistently wins those contracts.  Many other contract opportunities exist in the $500K - $1M revenue range in each year's portfolio.  In addition, the company has residual service-based contracts that range from 14% - 16% of total revenue.  On the cutting edge of technology, employees are trained on new trends in lighting, energy management, etc., therefore creating a competitive advantage in these emerging technology markets.  There are many growth and efficiency opportunities for a new owner.  Center of Influence networking, website enhancement, and new estimating software integration are just a few ways this company could experience substantial growth and efficiency.  Although this company has a rich tradition of success, opportunities abound for new ownership.  Inventory INCLUDED.  Valued at $225K.  Will be audited prior to closing and price adjusted to reflect any changes.
Growth Potential:There are many growth and efficiency opportunities for a new owner. Center of Influence networking, website enhancement, and new estimating software integration are just a few ways this company could experience substantial growth and efficiency.
Training/Support:The seller is willing to train and transition the purchaser for a mutually agreeable period immediately following closing to ensure a smooth and seamless transition.
Seller Financing:Inventory INCLUDED. Valued at $225K. Will be audited prior to closing and price adjusted to
Sale Reason:Owner is retiring
Ad #95083
Seller Reference #KNOXVTN002-N8
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Tim Varney
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