Under LOI - Commercial Electrical Contractor – West MI

Michigan
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Sale Pending
Asking Price:$500,000
Gross Revenue:$1,602,052
FF&E:$70,000
Cash Flow:$182,482
Inventory:$20,000
Established Year:1985
BUSINESS DESCRIPTION

Under LOI - A well-established and respected commercial electrical contractor in West Michigan is now available. With over 30 years of experience, this company has served the expanding commercial and new construction needs along the lakeshore. Centrally located, with talented, seasoned employees and modern, well-maintained equipment, they have a long history of professionalism in the field, making this a robust opportunity.

This is the perfect opportunity to expand your business in the West Michigan market. The lakeshore has been underdeveloped for years, and recent trends indicate continued forecasted growth in both commercial and residential sectors. Representing such an opportunity in the market is a pleasure, and I’m confident you will be impressed as well.


DETAILED INFORMATION
Location
Michigan
Inventory
Not Included in asking price
Real Estate
Owned
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
-Centrally located -Modern building -Clean Safe environment -Room for expansion
Competition
-Demand is exceeding competition -Older electrical contractors are slowing down -Contractors coming in from outside the area
Growth & Expansion
-Area is growing at a higher rate than other parts of the country -Additional services are in demand -Work environment can support additional employees
Support & Training
-Business is structured to mentor new employees -Company has a strong base of talent -Owner is willing to assist during transition -Industry offers many avenues for training
Reason for Selling
The owner is retiring
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Frank
Cobb
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Frank Cobb