Since 1974, this business has been the premier commercial electrical contractor in the northeastern region of Memphis, Tennessee. While never the largest electrical contractor, the business achieved a reputation for quality work at a competitive price... a philosophy that is still maintained today.
The business boasts a staff of 36 active full-time employees, more than half of which have been with the company for over 10 years. The business has a longstanding and loyal clientele, and does work with 10-12 general contractors on a regular basis.
The modern facility that houses this business is a leased 2,000sqft. commercial office space which includes a reception area, 2 private offices, 2 restrooms, and a break room. An additional 4,000sqft. warehouse is included, with another large private office and two larger rooms for storage. Other physical assets included in this sale are the company vehicles which include: 4 Service Vans (2004, 2005, 2010, and 2011 Ford Econoline), 2 Delivery Trucks (2003 Ford F450SD w/ lift gate & 2005 Ford F350SD w/ lift gate), 2 Personal Trucks (2013 Ford F150 Platinum & 2014 GMC Sierra Denali), and a 1997 Chevrolet C34 Bucket Truck with a 40ft. reach.
This business has a PRIME location, seated on the main boulevard that runs through the northeastern suburb of Memphis, TN. The business has required very little advertising, as most new business is generated through word of mouth accolades alone. From 42 years in business, it has earned a name that is well-known and respected in both the market area and business arena, and the business has a longstanding and loyal clientele.
Sales revenues and profits have consistently increased over the last 3 years, and the business has been able to consistently cover its costs with sales revenue. The business could generate more top and bottom line profits by expanding into the solar energy market, including the electric automobile charging station industry which is quickly growing in popularity.
Asking Price $2,000,000
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