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Details - Information last confirmed on June 4, 2021
Electrical contractor company established 36 years in the area, the owner is retiring. This business has been pre-approved by a preferred lender and requires only $125K as a down payment. The business has long-standing relationships with many large builders of new residential developments and commercial properties which brings approx 90% of the revenue. The company has never advertised, the growth has been strictly organic from their stellar reputation in the building industry. Low employee turnover with long-tenured employees. There is an Office Manager, Project Manager, 3 Lead techs., and 5 techs. They provide no service work but service can be added to increase revenue. Included are 5 vans, 1 company vehicle, $12K in inventory, and various office equipment for a total approximate value of $130K. Electrical Contractor License is required to qualify for lender financing. Lender will provide $150K in working capital. A/R’s average 30-60 days. Seller will qualify the business with his State License for a period of time, TBD. Please refer to listing number 6401445907 when inquiring about this listing.
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