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Very Profitable Electrical Contractor Business

Charleston County, SC

Seller Financing Available

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Asking Price:$3,300,000
Gross Revenue:$7,311,423
FF&E:$217,000
Cash Flow:$1,127,061
Inventory:$34,000
Established Year:1952
Listing ID: 2093196Listing provided by BizBuySell
BUSINESS DESCRIPTION

Excellent opportunity to own or acquire an electrical service company based out of Coastal SC that mainly serves industrial customers. The company performs electrical installations in the Charleston SC area. They specialize in healthcare, hospitality, and worship centers and provide electrical maintenance and troubleshooting services. The Company has a team of highly skilled electricians that have provided specialized design builds throughout the area. Approximately 75% of the Company’s revenue is generated through multiple well-established construction companies in the area. They are one of the area’s most established and well-known electrical contractors.

DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,220
Employees
33
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The building is free-standing and owned by the business owner. It is available for sale or lease from the owner.
Competition
The concentration of electrical contractors is low. Maintaining a reputation for quality and timeliness is essential for operators that gain new business through word-of-mouth recommendations.
Growth & Expansion
Opportunity exists for electricians as the industry differentiates itself by providing an economically essential service. The future is bright for established skilled labor as the supply chain disruptions vastly improve. Demand for electrical services is expected to remain high for years to come.
Financing
$330K down/$330K over 120 mos. @ 8%/Other Financing.
Support & Training
Will train for 4 weeks @ $0 cost. A SC Electrical Contractor License is required for the operation of the business.
Reason for Selling
Owner is retiring.
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Ken
Tallmadge
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Ken Tallmadge
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