If You Have An Electrical Contractor's License And Want $5 Million Biz

Location: Georgia, United States
Category: Services
Type: Established

Financials

Asking Price: $3,050,000
Cash flow: $472,578
Revenue: $5,434,248
Gross Income: Not Disclosed
Inventory: Not Disclosed
FF&E $100,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

**** IF YOU HAVE YOUR ELECTRICAL CONTRACTOR`S LICENSE AND WANT TO STEP INTO THE BIG TIME, THIS OPPORTUNITY IS FOR YOU. **** The company is 30 years old and has a stellar reputation. It has a special niche and unique relationships with general contractors and real estate developers. It has done major jobs in office parks, technology parks and the health care arena. At the present time it has $400,000 in signed contracts and $2.6 million in bids outstanding.(These numbers change every month.) The business has a relationship in the health care field that will provide it with work for at least the next 7 years. There are 33 union employees broken down as follows: apprentice(5), area foreman(3), lead journeyman(2), foreman(7) and journeyman(16). The pay scale is as follows: 1st yr. apprentice - $10/hr, 2nd yr. apprentice - $12/hr., 3rd yr. apprentice - $14/hr., 4th yr. apprentice - $16/hr, 5th yr. apprentice - $18/hr, journeyman - $27/hr., lead journeyman - $27.30/hr., foreman - $28/hr., lead foreman - $28.30/hr. and area foreman - $31/hr

Facilities:
Ranch home converted into commercial office. Rent to new owner would be $3,500/month, but the office can be located anywhere. An existing organization can absorb the business in their current premises and save the rent currently being paid. 22 vehicles worth $100,000.

Market Outlook and Competition:
**** THIS BUSINESS CAN BE A FABULOUS STRATEGIC ACQUISITION FOR SOMEONE IN THE ELECTRICAL CONTRACTING FIELD OR THE CONSTRUCTION BUSINESS. **** There are other competitors in the same arena, but this business has a 30 year history and occupies a special niche. *** Growth and Expansion: Future growth in commercial real estate, assisted living and health care will provide substantial expansion opportunities

Management Training and Support:
The current owner will provide 4 weeks of transitional assistance

General Information

Reason Selling: Retirement

Number of Employees: 33
Year Established: 1975