Listing ID: 80599
Business Overview
Highly successful and profitable electrical and solar contractor in paradise for sale! Sales includes construction equipment and fleet of vehicles. Commercial and residential electrical wiring, emergency generators and complete solar and storage solutions under one company. Turnkey business with dialed in operations and proven sales process, skilled long-term management and install highly recognized brand of solar products available through dealer partnership that provides many additional benefits. This company has a niche market combining electrical and solar on multi-family housing projects and new construction projects to maximize profits.
Financial
- Asking Price: $1,509,200
- Cash Flow: N/A
- Gross Revenue: $3,709,584
- EBITDA: N/A
- FF&E: $168,000
- Inventory: $10,000
- Inventory Included: N/A
- Established: 2010
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:15
- Furniture, Fixtures and Equipment:N/A
Owner willing to assist buyer in transition. Terms negotiable.
Retirement
Additional Info
The venture was started in 2010, making the business 12 years old.
The transaction shall not include inventory valued at $10,000*, which ins't included in the listing price.
The business has 15 Full-Time employees and is located in a building with approx. square footage of N/A sq ft.
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. However, the real reason and the one they tell you may be 2 absolutely different things. For instance, they may say "I have way too many various commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be reasons to try to conceal the reality of transforming demographics, increased competitors, recent decrease in profits, or a variety of other reasons. This is why it is really important that you not rely totally on a vendor's word, but rather, use the vendor's answer combined with your overall due diligence. This will repaint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that earnings margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract brand-new customers? Often times, businesses have repeat consumers, which develop the core of their daily revenues. Specific factors such as new competition sprouting up around the location, road building, and employee turn over can impact repeat customers and negatively impact future incomes. One crucial thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business regularly, the greater the possibility to build a returning client base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? How might the local average family income influence future income potential?
