Listing ID: 72860
Transworld Business Advisors of Tulsa presents this longstanding electrical contracting business for sale.
Business has been in operation for 15+ years, servicing the Tulsa area and surrounding communities.
This customer service-based organization has built a strong bond and reputation with their customers and communities and has excellent ratings along with repeat business. A highly skilled and dedicated staff of 11FT employees in place will continue supporting a new owner.
Company services mostly commercial/industrial projects with a small percentage of residential clients. Business occupies a space of approximately 2,600sf with 2 buildings (Shop and Office) and has over 3,300sf of fenced yarding.
Owner has decided to sell this business to enjoy other ventures and will provide training to assist a new owner for a smooth and easy transition.
Contact us today for more information on this longstanding electrical contracting business for sale. Come meet the owner, see the business operating smoothly, be impressed and make an offer!
- Asking Price: $567,000
- Cash Flow: $212,749
- Gross Revenue: $1,350,957
- EBITDA: N/A
- FF&E: $299,165
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:735
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
Office Space 600sf, Shop space - 2000sf and 3375sf fenced yard with large rolling gate. Lot size 290'x185'
The venture was established in 2004, making the business 18 years old.
The company has 11 employees and is situated in a building with disclosed square footage of 735 sq ft.
The real estate is leased by the business for $2,600 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. Nevertheless, the true factor vs the one they say to you may be 2 totally different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competition, current reduction in revenues, or a range of other factors. This is why it is very essential that you not depend completely on a seller's word, but instead, make use of the seller's solution along with your total due diligence. This will paint a much more realistic image of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover points such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that earnings margins are too small. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be met or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract brand-new consumers? Most times, companies have repeat consumers, which develop the core of their everyday revenues. Particular elements such as brand-new competition growing up around the location, roadway building and construction, and also staff turnover can affect repeat consumers as well as adversely influence future profits. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the chance to build a returning consumer base. A final thought is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the regional mean household earnings effect future income prospects?