This electrical contractor has been in business since 1985. It is an extremely stable business that avoids new construction, choosing to concentrate on service. The foundation of the company is servicing the everyday needs of property managers and homeowners including outlet additions, circuits for new fireplaces, panel expansion, minor remodels, or diagnosing a constantly tripping breaker. Ownership enjoys excellent margins by keeping the operation simple. Given the nature of the work, they are able to run the entire operation from their home.
They have a loyal customer base and an outstanding reputation in the marketplace. This is an ideal acquisition for a strategic buyer looking to expand their service base or an individual with industry experience looking to step into ownership.
Facility is located centrally, near its customers and a major interstate.
2020-2022 Ave Revenue: $930,000
2020-2022 Ave Cashflow: $370,000
Asking Price: $700,000
Included in the Asking Price: Well maintained equipment + inventory valued at $185,000
Competition: Current ownership spends very little time thinking about competition as the company runs at full capacity virtually year-round. The owners have chosen to stay at their current size. They have carved out a loyal customer base that keeps coming back.
Growth and Expansion: The current owners firmly believe that a new owner will easily grow the business by responding to the current overwhelming demand. They believe a new owner with fresh legs and energy could easily grow revenues by 30% to 40% by adding capacity to meet this demand.
About the Sale
The owner wants to retire and pursue other opportunities. He is willing to support the buyer through the business transition for 30 days free.
All information contained herein provided by business owner, to be verified by buyer, and not warranted by Crestone Business Group. For more information on this or other profitable business opportunities, please contact:
Crestone Business Group
Jeff Balch, Broker
Direct Phone: (719) 440-4597