Well-established company of 28 years has an excellent reputation for quality work and service. It is one of the largest commercial electric companies in their state on the East Coast and has been extremely successful by focusing its efforts on niche markets that yield a high profit. The Company provides an ideal opportunity for a buyer to enjoy a predictable cash flow and rapid return on investment.
The majority of the company’s commercial business is connected to the construction industry, which has continued to see growth in the past several years. Commercial construction is a $204 billion industry that is expected to continue to grow in the next five years due to demand by downstream markets and increased consumer spending. A recent report shows that the construction industry will grow an additional five percent in 2018, alone.
This report forecasts that non-residential construction (i.e. retail, healthcare, education, etc.) will be up four percent in 2018. Education and public building will show the most growth at six percent. Retail has rebounded and is forecast to increase by one percent this year. And healthcare construction is expected to rise by five percent this year.
The Company has been extremely successful with focusing on market segments that yield high profit. Much of this business has been centered around the retail industry. However, the owners continuously analyze and evaluate the markets and have made shifts when necessary. The Company also generates income from the healthcare, banking, and education segments, plus it has recently explored several other niches, including solar installations. Additionally, the Company is one of few commercial electrical companies in the area that also provides ongoing electrical service and repairs.
- A well-established company with an excellent reputation for quality and service.
- Large customer base that includes nationwide retailers, developers, and contractors.
- Opportunity for strong margins.
- Ability to successfully grow and expand the company if desired.
- Well-trained staff.
OFFERING PRICE AND TERMS
The Company is wholly owned by its founding partners. Both owners have agreed to stay on for a period of time if requested to help transition the company to the new owner. They will then exit the industry and have agreed to sign a non-compete. This purchase includes all the assets and liabilities of the Company. The asking price is $1,800,000.00.
|Business||N/A||Asking Price||$1,800,000.00 + Real Estate|
|Years in Business||27 years – 1990||FF&E||$276,000.00|
|Monday – Friday||Ownership
|Facilities||Option to Buy = Office = 1500 Sqft / Warehouse = 2500 Sqft / Parking = 2 Acres||Reason For Sale||Business outgrowing current owner’s ability to scale – Owner is willing to stay on for a period of time or sign 2 year non-compete|
As of December 2017, the Company carries assets of $276,000.00. The Company’s current liabilities is for a security deposit of $1,725 and it does not carry any short or long-term debt. The company is Debt free!