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Located in Eastern NC, this well-established, debt-free, commercial and industrial electrical construction company is very profitable and growing. The owner wants to retire and has designed the company to operate effectively without his involvement. Multiple parcels of real estate accompany this sale which have been appraised to have a value of $740K.
This business has a 30-year brand name and is well established in its local market with an experienced workforce. Started in 1991 with three employees it has grown to 38 with a large majority of employees having a 10+ year history with the company.
While there are competitors, the business enjoys a good reputation and is effective at successfully competing in the local market. Business remains solid in 2020 with a number of large customers including a major university and NC state agencies.
Historically the company has focused primarily on its home market. Opportunities for growth are numerous with the right buyer who has the appetite to expand the operations to major nearby metropolitan areas outside its local market. Currently the company has no website and a focus on improving marketing strategies and upgrading operations will increase opportunities and improve business efficiencies. Room for on-site expansion with existing real estate.
The owner is willing to stay on for a period of time after the sale to help facilitate a smooth operational transition and educate the new buyer on the business and local marketplace.
3 different parcels convey with this sale, including 3.67 acres of land, with 2 commercial buildings
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