Electrical Contractor’s Business for Sale

Ann Arbor, MI

Seller Financing Available

Electrical Biz
Asking Price:$325,000
Gross Revenue:$1,002,248
FF&E:$164,953
Cash Flow:$347,976
Inventory:$70,000
Established Year:1986
BUSINESS DESCRIPTION

Owner would like to retire and leave 3 electricians and office staff in good hands with another great company for them to thrive in. Seller currently does the estimating and is willing to train a new owner if buyer needs trained and/or would like additional mentoring. Owner has good loyal customer 3rd generation list; 80% residential, 20% commercial and industrial customers. Employees have been with the business for a long time.

2023 Revenue as of mid-May $396,683.23. With the additional electricians recently onboarded, seller anticipates a really good year!

There are 2 vans, a bucket truck, one trailer, and a Bobcat with bucket and forks that come with the purchase of this business. Inventory is negotiable and currently is maintained at an approximate value of $70,000 (not included in ask price). SDE cash flow is reflected in this advertisement. This is a non-union shop.

NOTE: In order to own this business you or someone on your team, must have a master electricians license and an Electrical Contractors license through the state of MI. Seller is willing to work with a qualified prospective buyer on this for a pre-agreed upon period of time.

If interested in this business you must complete and return a NDA (confidentiality and non-disclosure/non-circumvent agreement) . Call Broker for more information.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,400
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Leased location has a one-year option to renew. It is currently operating out of 2400 sq ft commercial building which includes a warehouse, garage, storage areas, and offices.
Competition
Competition: This business has a great reputation for excellence and quality in its work and customer service
Growth & Expansion
This has been a very steady stream of income for the owner for many years. Income could possibly be increased by securing more commercial accounts.
Financing
Seller may consider a partial sellers note with a meaningful down payment.
Support & Training
Owner is willing to assist buyer as agreed to and needed.
Reason for Selling
Retirement
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Michelle Webster
Business Brokerage & Finance, LLC
Michelle Webster