Business Overview

This opportunity represents an electrical services and generator sales and service company located in West Michigan. The Company performs residential, commercial, and retail services. Additionally, the Company can perform level I and level II installations of electric vehicle charging stations. However, much of the Company’s revenue comes from its generator installation and service division. The Company specializes in home standby generator installation and service.

The Company has a strong reputation within the greater West Michigan community, receiving many of its jobs through word of mouth referrals. Customers choose the Company over competitors because of the Company’s reputation, location, and competitive prices.

The Company was founded in 1985 by the current owner. The Owner is actively involved in the Business full-time, working between 30-50 hours per week. The Owner spends most of his time working in the office. The Owner’s main duties are providing estimates to potential customers, scheduling projects, and purchasing all equipment and materials. The Owner’s wife provides part-time bookkeeping work to the Company. The Owner and his wife are flexible to help the new owner(s) effectively transition into the Business.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email and request a PDF version.

Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you by the project manager.
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  • Asking Price: N/A
  • Cash Flow: $207,028
  • Gross Revenue: $760,324
  • FF&E: $70,000
  • Inventory: $3,750
  • Inventory Included: Yes
  • Established: 1985

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:2,000
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The Company operates out of a 2,000 square foot facility. The facility consists of a 1,000 square foot office building and a 1,000 square foot storage building. Both buildings are in good condition. The storage building features three overhead doors and 12-foot ceilings. The facility has a main utility electric service capability of 200 amps with a 15,000KW Generac backup generator. The office building also has a new heating and cooling system.

Is Support & Training Included:

The Owner and his wife are willing to provide reasonable and customary assistance during the transition period.

Purpose For Selling:


Pros and Cons:

(1) Located in a Great Area with a Growing Population (2) Strong Reputation in Surrounding Area (3) Recent Surge in Demand for Generators

Opportunities and Growth:

(1) Hire More Employees (2) Focus More on Generator Division (3) Expand Serviceable Locations

Additional Info

The business was started in 1985, making the business 37 years old.
The deal does include inventory valued at $3,750, which is included in the asking price.

The business has 3 employees and is situated in a building with approx. square footage of 2,000 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell companies. Nevertheless, the real factor and the one they say to you might be 2 completely different things. For instance, they might claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or an array of various other reasons. This is why it is very important that you not count absolutely on a vendor's word, but rather, make use of the seller's solution in conjunction with your overall due diligence. This will repaint a much more reasonable picture of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that revenue margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be met or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new customers? Most times, companies have repeat customers, which form the core of their day-to-day profits. Specific factors such as new competition growing up around the area, roadway construction, as well as personnel turn over can impact repeat consumers and also adversely impact future revenues. One vital point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the possibility to build a returning client base. A last thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? How might the neighborhood average household income impact future income prospects?