Successful Multi-Generational Electrical Supply Business For Sale
Cincinnati, OH
Sale Pending
| Asking Price: | $2,800,000 |
| Inventory: | $550,000 |
| EBITDA: | $621,000 |
| Established Year: | 1970 |
| Gross Revenue: | $3,600,000 |
| Rent: | $3,000 |
| FF&E: | $35,000 |
Listing ID: 2177335Listing provided by BizBuySell
BUSINESS DESCRIPTION
This growing, multi-generational business in the electrical supply and lighting business is looking for a new owner to take over. The retirement-aged owners have done an outstanding job continuing to grow this business and have rapidly increased profitability by focusing on higher margin products to a diverse customer base. Serving primarily residential and commercial contractors in the Cincinnati market for decades, they have developed an exceptional reputation for customer service and having a robust inventory so that they have the products when their customers need them.
DETAILED INFORMATION
Location
Cincinnati, OH
Inventory
Included in asking price
Real Estate
Owned
Building SF
7,800
Lease Expiration
01/01/2026
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The owner owns the real estate and is willing to sell the property at the same time as selling the business. A lease is also a possibility but the sale of the real estate with the business is preferred and will be prioritized.
The current facility is 7,800 sq ft which includes offices, a showroom, storage and warehouse space.
Competition
The market has continued to grow as the need for electrical components and products has continued to grow both as new housing starts has continued to boom but also housing remodels and commercial building projects continue to soar. The company has seen tremendous growth over the last few years and that trend has continued in 2024.
Growth & Expansion
There are several potential growth levers for this business in expanding sales reach, including adding outside direct sales to the business, building out e-commerce as well as engaging in marketing/advertising.
Support & Training
The current owners are willing to do what it takes to make the new owners successful. They are offering up to a 90-day transition period on a negotiated basis but may be willing to stay on in some capacity for a longer period if requested.
Reason for Selling
Retirement
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