Contact: Owner At 520-279-5779 - Also Email This Contact Below
Asking Price: $1,527,000+ Down Payment: $1,527,000
Annual SDC: $509,000
Annual Gross: $4,452,698
Attributes: Broker-Broker Coop, Lifestyle, Financial Assistance, Training & Support, Relocatable, SBA Loan Pre-Qualified
Well established essential and thriving Electrical Contractor that covers the San Bernardino, Riverside and parts of Los Angeles County is for sale.
The EC specializes in all commercial work from ground up to tenant improvements with some commercial service work. The company already has $5 million in back log work for the next 2 years and is expecting to gross over $4 mil or more in sales this year.
The company comes with (2) Company Trucks for Management, (1) Service Van, (1) Forklift and a warehouse full of materials/equipment totaling over $40,000 plus. The company has plenty of opportunities with current clients to grow into a 10 million company by adding additional staff.
There are 15 Employees most are long term, (1) Field Superintendent/Project Manager, (1) Part time warehouse/ junior estimator to assist with take offs for estimating. A part time bookkeeper comes in twice a month.
Office space is month to month so the business can relocate at any time.
Current Owner is handling Payroll (twice a month), Invoicing, Sending out Proposals and other misc things and will train the new owner for 2 months. Current Owner will still on for a compensation for an additional 4-5 months as a consultant if needed will do some estimating/business development until new owner learns or hires someone else. There are current controls in place to monitor job costing, employees hours and job duties for employees.
Business could break into the residential service side as well. Owner has only focused on Commercial Contracts but has system in place to generate quotes/scheduling for Residential Customers.
This business would be ideal for a General Contractor or another Sub Contractor looking to add an Electrical Division, an out of State Electrical Contractor trying to break into the California Market or a Strong Operations Manager looking to buy a company.
Additional Income that the owner and wife benefit from throughout the year:
Owner is on Salary of $84,000 a year
Wife is on Salary of $36,000 a year
Trips $12,000 a year
All Personal Utility Bills are paid by the business-$11,000 a year
All Gas for Personal Vehicles-$5,280 a year
All Cell Phone Expense-$2,700 a year
All Restaurant Meals-$8,000 a year
All Auto Expense/Repairs-$2,000 a year
Contractor Services to Personal Home Improvement-$10,000 to $15,000
Total - $173,980
+ Annual Net Income - $313,962
High annual cash flow. Good books and records. SBA pre-approved for buyer financing. $600K in receivables at this time.
To get more information about this Commercial Electrical Contractor Firm - High Net business for sale in
Southern California please phone Owner (Seller) at 520-279-5779 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #267595 on BizBen.com. In addition to phoning
Owner, make sure you email Owner above to get more info about this
Commercial Electrical Contractor Firm - High Net, to ask any questions or request an appointment to see this
business for sale. Thank you.