(Under Contract) Electrical Contractor in Hancock County, Maine

Hancock County, ME
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Sale Pending
Asking Price:$995,000
Gross Revenue:$1,711,781
FF&E:$10,000
Established Year:1975
Cash Flow:$537,095
Inventory:$100,000
Real Estate:$800,000
BUSINESS DESCRIPTION

***SOME OWNER FINANCING AVAILABLE***
*Price reduction!

This is a rare opportunity to own one of the most prestigious and well-known companies in the state. Serving the area for 48 years, this thriving electrical contractor has multiple employees and serves clients throughout one of the most exclusive towns in the region.

They provide a full range of services for both residential and commercial customers including PV solar installations (solar panels), heat pumps, home automation, lighting design and more.

The optional real estate includes an enormous workshop with high-clearance doors and high ceilings.

If you’re looking to plant your flag in the electrical contracting business without having to grow a company from scratch, this just might be the opportunity for you. The seller has built a solid, profitable business that is truly turnkey.

The fleet of vehicles includes 2 bucket trucks, 2 transit vans, 4 cargo vans, 1 closed multi-axle trailer, 1 15’ trailer and 1 20’ trailer. The vehicle count and cost may change as the seller is planning to purchase a new bucket truck and an additional transit van.

Owner is willing to finance the real estate at 4% over 10 years.

Financials
Asking Price: $995,000
Gross Revenue: $1,711,781
Cash Flow: $537,095
FF&E: $10,000 +/- (included in the sale price)
Vehicles: $350,000 (included in the sale price)
Inventory: $100,000+/- (not included in the sale price)
Real Estate: $800,000 (not included in the sale price)
Year Established: 1975

Note: Financials are seller-provided and not audited by Inbar Group, Inc.


DETAILED INFORMATION
Location
Hancock County, ME
Inventory
Not Included in asking price
Real Estate
Owned
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Real estate might be available. Incidental to the sale of the business. Seller estimates value at $800,000. Subject to commercial appraisal.
Reason for Selling
Owner is seeking retirement
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Charlie
MacPherson
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Charlie MacPherson