Business Overview

One of the highest rated and largest Electrical Contractors in the area. This company focuses on electrical service and specialty installs. Journeymen electricians providing full service for all your electric needs including commercial, residential, and industrial.

Services offered include repairs, renovations, install, whole home fans, panel upgrades, lighting design and install, security cameras, surge protectors, EV chargers, specialized products…and more! They are the only dealer in AZ for certain products. They are also an APS Trade Ally partner. Top rated, multiple award winning, BBB A+ company.

AZ ROC License CR-11 required.

Financial

  • Asking Price: $850,000
  • Cash Flow: N/A
  • Gross Revenue: $1,234,645
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2014

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:7
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Other Business Interests

Additional Info

The company was started in 2014, making the business 8 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell operating businesses. Nevertheless, the genuine reason and the one they say to you may be 2 absolutely different things. For instance, they might say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competitors, recent reduction in earnings, or an array of other reasons. This is why it is extremely essential that you not depend entirely on a seller's word, but instead, utilize the seller's solution in conjunction with your general due diligence. This will repaint an extra realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money in order to cover points like stock, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that earnings margins are too thin. Lots of organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be satisfied or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in brand-new clients? Often times, companies have repeat customers, which create the core of their daily profits. Particular variables such as new competitors growing up around the location, road construction, as well as employee turn over can impact repeat customers and negatively impact future profits. One crucial thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business often, the higher the possibility to build a returning client base. A last thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local typical house earnings influence future revenue potential?