Highly rated electrical contractor: real estate optional
Asking price: $299,000
Annual gross revenue: $738,000
Annual net cash flow: $160,000
Furniture, fixtures & equipment: $25,000 (included in price)
Inventory: $7,000 (included in price)
Summary: this is a highly regarded, profitable, full-service electrical contractor. The firm's services include new electrical installations, re-wiring, up-grading and replacement of electrical and meter panels, troubleshooting, consultation, maintenance, tenant improvements and temporary power installation. Its client list of over 1500 includes the region's general contractors, developers, realtors, school districts, property managers and owners of commercial and residential properties.
The loyalty and appreciation of its clientele is demonstrated by the consistent 5-star ratings the firm gets on yelp. This offering presents an excellent opportunity for an individual to acquire a turn-key, profitable business with an outstanding reputation and major customer base. It also could be a very good addition for another electrical contracting business to quickly expand in the san francisco area.
Location: san francisco, ca
Facilities: the business occupies a recently renovated 1,200 sq. Ft. Building, which the seller owns. The real estate is available for purchase at a price to be determined, or the seller will provide a long-term lease at market rate for a buyer of the business who does not want to buy the real estate.
Employees: the owner plus one full-time office administrator and 3 full-time, highly qualified electricians.
Competition: although there are a few electrical contractors in san francisco, most do not offer such a comprehensive range of services, and almost no other competitor is as highly rated as this business, giving this firm a distinct competitive advantage.
Growth: building upon the outstanding reputation of the business and its extensive client list, a new owner of the business should enjoy excellent growth given the high level of construction activity in the area, the demand for re-wiring older facilities and the trend toward upgrading of residences for 'smart home' technology.
Support: seller will provide up to 2 weeks, 20 hours per week, of training and introductions to ensure a smooth transfer of ownership. More time may be negotiated on a consulting basis.
Sale reason: personal
Financing: this business has been pre-qualified for sba financing assuming a buyer is credit-worthy as determined by the lending bank. Or the seller may provide some financing for a well-qualified buyer with a substantial down payment.