Business Overview

Industry leader for 24+ years!
Fantastic opportunity to acquire an established and profitable full-service commercial electrical contracting business who, for the past 24 years, has been serving the Metro Atlanta area.
Established in 1996, this fully-licensed master electrical contractor operates out of a 2000 square foot location and handles all commercial electrical needs for both new construction and renovations. Everything from lighting and power, high-voltage to fiber optics and data cabling, among others, this business has built its reputation as an expert in the field and industry leader, all while building an impressive customer list, from Big Box retailers to major supermarket chains as well as schools, public institutions and many more.

To ensure a successful hand-off to the Buyer, the Seller is available to remain on and actively involved in the business operations for an extended period to transfer his knowledge and industry relationships, both of which are unmatched.
Sale includes all equipment as well as vehicles and trucks used for its projects.

Financial

  • Asking Price: $395,000
  • Cash Flow: N/A
  • Gross Revenue: $1,044,000
  • EBITDA: N/A
  • FF&E: $116,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1996

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,000
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

2000 square foot building. Includes employee/customer parking as well as parking for commercial vehicles and equipment.

Is Support & Training Included:

Seller is willing to remain actively involved in the business for up to one year.

Purpose For Selling:

Retirement

Additional Info

The company was started in 1996, making the business 26 years old.

The business has 4 FT employees and is situated in a building with estimated square footage of 2,000 sq ft.
The property is leased by the business for $2,800 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell businesses. Nevertheless, the genuine reason and the one they tell you may be 2 entirely different things. As an example, they may state "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be reasons to try to hide the reality of changing demographics, increased competitors, current decrease in revenues, or a range of other factors. This is why it is very important that you not rely entirely on a seller's word, yet rather, use the seller's solution combined with your total due diligence. This will repaint an extra sensible image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that profit margins are too tight. Lots of organisations 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 think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in new clients? Most times, businesses have repeat consumers, which form the core of their daily profits. Certain aspects such as new competition growing up around the area, road construction, and also personnel turn over can impact repeat consumers as well as adversely influence future revenues. One vital thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the chance to build a returning client base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? How might the local median house income effect future earnings prospects?