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Electrical Contractor

Location: Eastern NC

ID: (#200837)

200837
Price:$980,000
Revenue:$1,340,000
Cash Flow:$368,000
FF&E (Assets):$120,000
Inventory:$15,000
Real Estate:$0

Overview

Opportunity to take over a highly profitable Electrical Contractor business that comes complete with 9 field guys, 6 trucks and all equipment necessary to serve residential and commercial customers in the area. About 25-30% of revenue comes from commercial jobs.

Owner stays informed, but is not involved in the day to day operation. Field manager has been with the company for many years and manages the team and the clients. Company success is tied to their reputation and quality of work, not the owner’s relationships.

Details

Reason for Selling:

Retirement

Established:

2004

Employees:

13

Furniture, Fixtures, and Equipment (FF&E):

Six modern trucks fully equipped.

Facilities:

NA

Inventory:

Leftovers as in stock at closing are included in the sale.

Competition:

There are a few other electrical contractors in the area, only two of them are comparable in size, the rest are much smaller. Marketing is mostly word of mouth.

Opportunities for Growth:

Fast growing area, revenue growth achievable with a larger crew.

Support and Training

The seller is available to train the new owner as required. Three months is a normal duration for training during which the seller slowly transitions out.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (208) 248-5610 Fax
  • Appointment Only:
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486