Listing ID: 77578
First time offered for Sale- This full service Electric Company serves Fairfield and New Haven counties. Services offered to Residential. Commercial, and municipalities. Working closely with their customers has created repeat business. Present owner has built a growing business and steady income promotes strong growth opportunities.
- Asking Price: $239,100
- Cash Flow: $70,163
- Gross Revenue: $563,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- 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:4
- Furniture, Fixtures and Equipment:N/A
Seller will work with buyer on a transition plan.
Auto dealerships, Airports, Military Air Bases, Malls, Schools, Banks, Restaurants, Sporting Arenas, Retirement Villages, Stores, Churches and more… have all been recipients of their lighting services. Loyal customers, top quality service and community recognition.
If you have an existing electrical contracting business or you are looking to go out on your own, this is the opportunity for you. You can add a large number of new clients to your existing business or start your your new business with a strong loyal customer base. The customer base is well balanced in with commercial and residential clients.
The venture was founded in 1985, making the business 37 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell businesses. However, the true factor and the one they tell you might be 2 entirely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competition, current decrease in profits, or a variety of other reasons. This is why it is extremely important that you not count totally on a seller's word, yet rather, make use of the vendor's answer together with your total due diligence. This will repaint a more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover points such as supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that earnings margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new customers? Many times, companies have repeat customers, which develop the core of their day-to-day revenues. Particular factors such as brand-new competitors sprouting up around the location, road building, and also employee turnover can impact repeat consumers and negatively influence future incomes. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business often, the higher the opportunity to develop a returning customer base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Just how might the neighborhood median home earnings effect future earnings prospects?