Listing ID: 82118
With incredible future growth potential, this well-established and well-recognized electrical brand focuses on installation and repairs. This is an executively managed business serving a very large territory area; 80% revenue is residential; 20% commercial accounts. This is a proven legacy and generational business for the right person. The electrical market is in high demand and expected to exceed more than $11 Billion by 2024. The demand for work in this sector is projected to grow faster than the average for all trades over the next 8 years. No prior electrical experience needed. Full training and ongoing support will be included with this sale.
Additional Features Include:
-Needs-based /recession proof
-Many service-lines/ revenue streams
-Superior customer service ranking and referrals
-Large service area with room for tremendous development of new business
-High profit margin / Predictable incomes
Contact Mike for detailed information about this business at 469-708-6850.
- Asking Price: $65,000
- Cash Flow: N/A
- Gross Revenue: $1,350,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1994
- 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
Contact for detailed information about this business. (Home Based)
Full training and support will be included.
Contact for this information.
Highly acclaimed name in the industry.
High demand allows for long-term growth of this essential business.
This Business Is Home Based
The company was started in 1994, making the business 28 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. However, the genuine reason and the one they tell you may be 2 absolutely different things. As an example, they may state "I have a lot of other commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or an array of other factors. This is why it is really vital that you not count entirely on a seller's word, yet instead, utilize the vendor's response combined with your general due diligence. This will repaint a much more reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies take out loans so as to cover points like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that earnings margins are too small. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be satisfied or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract brand-new customers? Often times, businesses have repeat consumers, which create the core of their day-to-day earnings. Specific variables such as brand-new competitors growing up around the location, roadway building and construction, and also personnel turn over can impact repeat customers and also adversely impact future incomes. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning customer base. A final idea is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Just how might the regional average home earnings influence future income potential?