Listing ID: 77577
Established Low Voltage Electrical Contractor Business, servicing both commercial and residential accounts. Commercial services include; cabling and fiber networks, CCTV security TV systems, access control, audio and PA systems, and cabling clean up. Residential services include; home theater, whole house audio, outdoor entertainment, residential prewire, security, alarm, and wifi systems.
2 qualified tech come with the business and 1 admin
Most of the work is done Mon. to Thursday
Vehicles and equipment included
Business Price $650K + $50K Receivables + $30K Inventory Total Consideration $730K
- Asking Price: $730,000
- Cash Flow: $327,593
- Gross Revenue: $1,175,514
- EBITDA: N/A
- FF&E: N/A
- Inventory: $30,000
- Inventory Included: Yes
- Established: 2006
- 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
Home Based (Home Based)
Seller is willing to transition slowly out of the business.
Potential Move out of the state
This business has some high profile accounts and an excellent reputation in the industry.
Low voltage continues to grow as the need for all the services low voltage grow in popularity.
This Business Is Home Based
The company was founded in 2006, making the business 16 years old.
The sale will include inventory valued at $30,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. Nevertheless, the true factor vs the one they tell you might be 2 totally different things. For instance, they might state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competitors, current decrease in earnings, or a variety of other reasons. This is why it is really important that you not count completely on a vendor's word, however rather, utilize the vendor's response along with your overall due diligence. This will paint a much more reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover things like inventory, payroll, accounts payable, and so on. Remember that sometimes this can imply that earnings margins are too tight. Numerous companies 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 obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that should be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new customers? Often times, companies have repeat consumers, which create the core of their everyday profits. Specific variables such as brand-new competitors growing up around the location, road building and construction, and also staff turn over can impact repeat customers as well as adversely affect future profits. One important point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the better the chance to construct a returning customer base. A final thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the regional average family earnings influence future revenue potential?