Profitable & Well Respected Electrical Contractor

Price: $340,000

Location: Northwest Michigan

Industry: Electrical Contracting

Listing ID: CK210218EC

Status: New

Listing Description

Long established, fully-licensed and profitable electrical contractor in fast-growing Northwest Michigan.  The company is well-known and highly regarded for exceptional customer service.  The company provides superior electrical service and emergency generators throughout their geographic coverage. Clients are both residential and commercial, with excellent relationships with the leading homebuilders, construction companies, and contractors. Whether it is a simple repair, a remodel or new construction, this company knows how to service their clients from project concept to project completion.

Their mission is to deliver efficient, effective and economical solutions, that leave their clients 100% satisfied.  They are the electrical contractor of choice in Northwest Michigan.

This company has two fully-stocked service trucks, with a team of Journeymen and Apprentice Electricians.

Listing Details

Total Sales: $620,080

Cash Flow: $136,188

FFE: $62,290 (Included in Price)

Inventory: $4,000 (Included in Price)

Reason For Sale:

Retirement

Training & Support:

Owner willing to stay on for a period of time to allow the new owners to learn the business and assist in the transition.

Operation

Year Established: 2004

Days & Hours of Operation: Monday - Friday Business Hours & Emergency Service

Owner Hours Per Week: 40

Employees: 5

Location

Relocatable?: Yes

Facilities Information:

Buyer will have to secure a new location for the business. Currently, it is being run out of the owner’s home and property. Currently using a 24’ x 30’ exterior garage, plus a 12’ x 14’ office space.

Summary

Owner Qualifications:

Must be a licensed Master Electrician

Competition:

There are several electrical contractors in the company’s service area, but they have significant differentiators giving this electrical contractor clear advantages over its competitors. The first advantage is always providing the best of quality in workmanship compared to its competitors. Second, their superior customer service, provided by well-educated and properly trained electricians, makes this company a standout in the region.  In addition, this company has fully stocked service vehicles keep each job properly supplied from day to day; a key ingredient necessary to satisfy customer deadlines. These factors are the foundation of their success including perhaps the most critical by any measure in the construction industry, a stable highly skilled workforce!

Potential Growth:

This company’s outstanding provides outstanding service for a growing area and is well positioned to provide additional money making services by maximizing the company’s current resources.  These include:

  • Increasing office staff to be responsible for keeping the website current, increase social media marketing, customer follow-up and expand on brand awareness.
  • Additional truck with an electrician dedicated exclusively to service work.
  • Hiring an estimator/project manager to take advantage of the current market opportunity.
  • Provide emergency “same day” service priced at a premium

Financing/Terms:

Seller willing to offer some seller financing to assist with SBA financing that is available at low-interest rates.