Own an Electric Services Business without changing a bulb

Palo Alto, CA

Seller Financing Available

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Asking Price:$225,000
FF&E:$100,000
Gross Revenue:$468,000
Established Year:2020
BUSINESS DESCRIPTION

If buying a house is all about LOCATION, LOCATION, LOCATION, that's true about a buying a business too!

And what better location than the most prosperous area in the United State: SILICON VALLEY

GREAT LOCATION + RIGHT TIMING
Now is a great time to get in on this growing electrical services business in Silicon Valley!

This established business has everything in place for an owner who manages the company with licensed electricians performing services. Industry experience is not required. This business has 4 years of goodwill, providing electrical installation and repair services to both residential and commercial customers.

The business provides service/repair for residential, commercial, and industrial buildings. Residential services include any electrical work in a single-family dwelling, condo, townhome, or apartment.

This well-established electrical service and repair company has an experienced crew and provides outstanding electrical work to commercial clients, property managers, homeowners and industrial customers. The business has built a solid reputation for service, providing a full menu of electrical work, scheduled appointment times and up-front pricing.

Annual Sales: $468,000 in 2023 and this year (2024), sales are scheduled to exceed $600,000.
Vehicles: This business has 3 trucks worth about $100,000, which are included in the price.

OWNER NEED NOT BE LICENSED
This business needs an executive to run the business, not an electrician. A new owner does not have to hold a California license to buy the business. The seller will help the new owner to run the business with licensed professionals on staff.

INDUSTRY EXPERIENCE NOT REQUIRED
Some owners can't screw in a light bulb, but with an expert staff, they don’t have to.

RECESSION RESILIENT
Amazon can’t send you an electrician and the need for electrical services is on the rise, generally without regard for economic cycle.


Start with a rock-solid foundation and an existing revenue stream.
• Well-known, trusted name.
• Moneymaker w/ immediate growth opportunity
• Limited receivables
*** No products to sell, no inventory, no retail storefront or expensive buildout. Can be operated from home!

FULL TIME INVOLVEMENT of the Owner or a Family member
This business needs the owner (or the spouse / a family member) to work full time to manage the business as an executive. This is NOT an ABSENTEE or SEMI ABSENTEE business model.

Interested to learn more? Sign an NDA online at:

https://www.fortunefranbiz.com/nda


DETAILED INFORMATION
Location
Palo Alto, CA
Inventory
Included in asking price
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This business has 3 vans with a market value of approximately $100,000, included in the asking price.
Competition
There are a number of businesses with similar services, some new, some old. But this brand has a solid reputation with a clientele that has known this business for 4 years.
Growth & Expansion
This business is in Silicon Valley - one of most prosperous territories in the country, with thousands of qualified households and commercial establishments that need electrical services. For a new owner, there are several avenues to grow with ongoing marketing, online advertising, and social media posts.
Financing
Seller may finance a part of the deal for a qualified buyer.
Support & Training
Full training on business and operations provided for 2 weeks. More support and training, if required, will also be given to set up the new owner for success. The seller is committed to a smooth transition to a new owner.
Reason for Selling
Other personal interests and professional commitments.
Franchise
This business is an established franchise
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Christina
DiMartino
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Christina DiMartino