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Set up for Huge Growth with Current Revenue over 20 Million!

Santa Clara County, CA
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Asking Price:$2,999,000
Gross Revenue:$20,163,644
Rent:$19,705/Month
Established Year:2003
Cash Flow:$963,000
Inventory:$10,000
FF&E:$400,000
Listing ID: 2308190Listing provided by BizBuySell
BUSINESS DESCRIPTION

Great Electrical Business For Sale after 21 Years!

IN ESCROW-Great Business established 21 years ago. Every year revenue increasing from 7 million to over 20 million after forming union a few year back. A lot of work comes from public contracts. Commercial electrical clients. They have a reputation for their excellent craftsmanship and outstanding customer service.
The business includes a team of loyal, highly-skilled management that have been with the business for years. The Owner's oversee jobs and do bids during the week during normal operating hours with no weekends. This is a turnkey opportunity selling as a Stock Sale as it is Union and has approximately 14 million currently in contracts ( not included in the purchase price). This business can grow easy to 50 million per with more working capital. This is a great opportunity for a savvy buyer or investor.

DETAILED INFORMATION
Location
Santa Clara County, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
15,000
Employees
34
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Beautiful secured building of approximately 15,000 square feet within a larger industrial building totaling approximately 22,000 rentable square feet Lease hold improvements of Approximately $600,000 spent in late 2022.
Competition
Prequalify business with prospective school districts, government entities, and utilize multiple Public Bid Services for notification of projects that are a good fit for the company skillset, experience, and available resources. New and on-going relationships with General Contractors and all business contacts are nurtured for repeat business and long-term relationships. Minimal amounts spent on marketing with periodic lunch or dinner meetings for maintenanc
Growth & Expansion
Expand further out in the Bay Area. Potential of hiring salesperson for dedicated business growth.
Support & Training
Full transitional training. Seller willing to hold license and stay on as a consultant with details negotiated and agreeable on both sides.
Reason for Selling
Retirement
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Miles
Pruitt/ Owner
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Phone Number
Miles Pruitt/ Owner
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