Listing ID: 66931
The professional electricians in this Company have 50 years of combined industry experience with a wait list of clients. The Company has been providing quality electrical services to the Portland Metro area for the last four years. With a focus on superior customer service, the Company has grown from small residential jobs to servicing large commercial and industrial customers. There is strong year-over-year sales growth and high demand for their services. Quality service and their strong reputation continues to drive revenue increases. The Company is also accredited by the Better Business Bureau.
- Asking Price: $1,098,000
- Cash Flow: $205,180
- Gross Revenue: $1,984,236
- EBITDA: N/A
- FF&E: $149,500
- Inventory: $15,000
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The Company operates out of a 2,400 sq. ft. stand-alone facility and warehouse in Clackamas County, Oregon.
Will train for 4 weeks @ $0 cost. The most important skill a buyer will need is knowing how to run a business. Additionally, estimating knowledge, customer service and communication skills, honesty and knowledge of electrical installation will be required.
The owner is selling to relocate.
Currently there are three (3) small electric companies in their city.
Company is positioned for continued growth with a full staff of highly trained employees in place for the owner. With a fully licensed, very experienced crew capable of bidding and performing the work, this business could be acquired by a strategic trade buyer to capture the contracts and crew required to operate.
The business was founded in 2018, making the business 4 years old.
The sale shall include inventory valued at $15,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. However, the genuine reason and the one they say to you may be 2 completely different things. For instance, they may state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be reasons to attempt to conceal the reality of changing demographics, increased competitors, current reduction in earnings, or a range of other factors. This is why it is really crucial that you not count entirely on a seller's word, yet instead, use the seller's solution in conjunction with your general due diligence. This will repaint a more practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that profit margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be satisfied or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in new customers? Most times, companies have repeat consumers, which develop the core of their everyday earnings. Certain variables such as brand-new competition growing up around the area, roadway building and construction, as well as staff turn over can affect repeat customers as well as adversely impact future revenues. One vital point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the better the chance to develop a returning client base. A last idea is the general area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? How might the regional typical house income influence future earnings prospects?