Business Overview

Recession resistant, moneymaker w/growth opportunity, this contractor is well-known & highly regarded in the community. The business runs as a turnkey operation with a small fleet of service trucks in the field each day solving issues for both residential and commercial customers. In business for almost 30 years with skilled, seasoned electricians, well-maintained vehicles & a long list of the best tools & equipment. Great opportunity for adding to an existing operation or for a licensed electrician’s first business venture. Take advantage of a proven system for attracting customers, operating the business, and generating profits. SA10487

Financial

  • Asking Price: $399,000
  • Cash Flow: $298,882
  • Gross Revenue: $1,117,652
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 1992

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Rent $1,275, Hours Monday thru Friday from 7:30 am to 4 PM Closed on Saturday and Sunday

Is Support & Training Included:

4 weeks, 20 hours per week

Purpose For Selling:

Retirement

Additional Info

The venture was started in 1992, making the business 30 years old.
The sale does include inventory valued at $20,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell operating businesses. Nonetheless, the genuine factor and the one they tell you might be 2 completely different things. As an example, they may claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or a variety of various other reasons. This is why it is very important that you not rely completely on a vendor's word, but instead, make use of the vendor's answer combined with your total due diligence. This will repaint a more reasonable picture of the business's current situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover items like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that revenue margins are too thin. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be met or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract brand-new consumers? Most times, operating businesses have repeat customers, which form the core of their everyday profits. Particular aspects such as new competition sprouting up around the location, roadway construction, as well as employee turnover can impact repeat clients as well as negatively impact future revenues. One vital point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the higher the possibility to build a returning client base. A final thought is the basic location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? How might the regional typical house income effect future earnings prospects?