Residential Electrical Contractor

Worcester County, MA
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Asking Price:$500,000
Gross Revenue:$1,035,357
Cash Flow:$322,563
FF&E:$50,000
BUSINESS DESCRIPTION

Summary
This is a golden opportunity for an established electrician or home services company to acquire a well-established and profitable residential electrical contracting business.

1. Established Reputation: With a solid presence in the local market, this business has built a reputation over the last 30+ years for delivering high-quality electrical solutions to residential clients. Positive reviews and a loyal customer base contribute to its outstanding standing in the community.

2. Skilled Workforce: Boasting a team of skilled electricians, the business excels in providing a wide range of residential electrical services. From installations and repairs to custom wiring projects, the team is equipped to handle diverse customer needs.

3. Turnkey Operation: This is a turnkey operation with a well-maintained fleet of vehicles, equipment, and established supplier relationships. The seamless operation allows for immediate business continuity and a smooth transition for the new owner.

4. Strong Financial Performance: The business has consistently demonstrated strong financial performance with revenues consistently between $1M-1.1M, with a track record of steady revenue growth.

5. Expansive Client Base: The company serves a broad client base, including homeowners, property managers, and contractors. The diverse portfolio of completed projects includes new constructions, renovations, and electrical system upgrades.

6. Strategic Location: Conveniently located in Worcester County the business strategically serves a thriving residential market. Proximity to Middlesex County, key neighborhoods and access to major routes positions it for continued success.


DETAILED INFORMATION
Location
Worcester County, MA
Inventory
Not Included in asking price
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The company’s facility is approx. 2000SF and consists of a large garage, an office, two bathrooms, and storage areas. It is located in close proximity to major highways. It is available for lease.
Growth & Expansion
Despite its current success, there are ample opportunities for growth. Expanding marketing efforts, offering maintenance contracts, and diversifying services are just a few avenues for the new owner to explore.
Support & Training
As needed for a smooth transition.
Reason for Selling
Retirement
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Justin
Grolley
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Justin Grolley