Listing ID: 71447
Thriving, well established and well positioned, Middlesex County based Residential & Commercial Electrical & HVAC business available for immediate acquisition. Excellent human resource talent, thirty five plus years of established goodwill and repeat business. All vehicles and equipment offered, licensed talent to remain in place and owner is willing to stay on to provide consulting and all Master license(s) requirements until bridged by new ownership. BBB A+ Accredited since 2009. Average Four star reviews on Yelp, Porch, Google and Angi. Strong repeat business. Asset sale to include vehicles, inventory, listings, vendor relationships/accounts, all intellectual property and business URL, email addresses, etc. Business three year gross sales approaching the $700K range without active online marketing. Original founder is retiring and heading south after many years in the business. Business has been lucrative with few marketing efforts other than a unique service sticker campaign that produces significant repeat and ongoing business. This offering is ideal for an entrepreneurial, internet savvy individual who is ready to grow and cash in on the booming residential electrical and HVAC markets! Hit the ground running with an established team of electricians and a turnkey business! Priced aggressively for quick sale. Confidentiality agreement required, minimum liquid capital ~$250K. Business may be eligible for SBA Loan.
- Asking Price: N/A
- Cash Flow: $160,000
- Gross Revenue: $700,000
- EBITDA: N/A
- FF&E: $95,000
- Inventory: $50,000
- Inventory Included: N/A
- Established: 1985
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Three services vehicles, various tools, materials stock, and all physical and intellectual assets to operate and support the ongoing business concern.
Owner is willing to provide support to transition the business along with providing the Master Licensing required to operate the business until bridged by new owner(s).
Owner is retiring.
There is currently an abundance of work available! The electrical industry in Massachusetts is losing electricians at a rate much higher than new electricians are coming into the trade. The business benefits from a significant amount of repeat business with very little marketing currently being done. The business can be a 24X7 emergency operation. Future outlook for the industry and the business is bright.
A new internet savvy owner could quickly ramp up marketing operations and volume as current owner is nearing retirement. Currently, there are three journeyman electricians alongside the owner/Master electrician in place. Top end of Business may by limited only by number of qualified electricians & support staff you can hire.
The company was started in 1985, making the business 37 years old.
The deal won't include inventory valued at $50,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. Nevertheless, the genuine reason and the one they tell you might be 2 totally different things. As an example, they may say "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competitors, current decrease in revenues, or a variety of various other reasons. This is why it is really vital that you not count completely on a vendor's word, yet rather, make use of the vendor's response combined with your general due diligence. This will paint an extra reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover things like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that profit margins are too thin. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in brand-new clients? Many times, operating businesses have repeat customers, which develop the core of their day-to-day profits. Specific variables such as new competition growing up around the location, road building and construction, and also employee turn over can affect repeat clients and also negatively affect future incomes. One crucial point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the better the possibility to develop a returning customer base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood median house income influence future earnings potential?