Substantial electrical contractor with over $1.0 million in revenue
Vermont
| Asking Price: | $499,000 |
| Gross Revenue: | $1,100,000 |
| Established Year: | 1996 |
| Cash Flow: | $280,000 |
| FF&E: | $200,000 |
Listing ID: 2305515Listing provided by BizBuySell
BUSINESS DESCRIPTION
Established service business generating $280K in cash flow
This full-service electrical contractor business has been serving the needs of its clients for nearly 30 years. The business has established a strong reputation for its excellent customer service and experienced, knowledge staff resulting in a loyal customer base with a high level of repeat customers. With 2023 revenue of over $1.1 million the business generated discretionary cash flow of $280,000 to its owners.
DETAILED INFORMATION
Location
Vermont
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,400
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates out of a newly constructed 1,400 square foot building situated on 2.5 acres. The building is owned by the sellers who lease the property back to the business. Sellers are prepared to enter into a long-term lease with a buyer.
Competition
There is one other electrical contractor of similar size located in the same town as the company as well as a handful of other businesses serving the market area. Given the high level of demand for electrical services in the area, the business does not need to compete for projects. The business has a strong reputation and long-standing relationships with a loyal customer base.
Growth & Expansion
There is substantial demand in the market to support growth within the business, which could be achieved through hiring additional staff. There is also an opportunity to add to the current product/service offerings as well as the expand the serviced market area.
Support & Training
Sellers will assist in the transition and train new owners as well as enter into a non-competition agreement.
Reason for Selling
Retirement
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