This business is an Electrical Contractor, performing new commercial business installations, upfits, and repairs. The business has a long list of large and small clients that they are serving. The business is well known and has an excellent reputation in the market. Located in a rented facility in Upstate SC, the business has been providing a good income to the owners for decades. For the most part, the business performs commercial work, but they have some residential customers as well.

High-Profit Electrical Contracting Business

The purchaser will benefit from a high-profit margin business that participates in commercial installations.

The business has a specialty in new construction commercial business installations. However, they also perform up-fits, electrical repairs, and residential work.

They serve general contractors, governmental entities, nonprofits, churches, households, businesses, schools, and other customers.  They provide their customers with a superior experience.

Acquiring this business is a way to buy-in to the rapid growth in Upstate South Carolina, which is one of the fastest-growing areas in the United States.

PURCHASE CONSIDERATIONS:

After having built up this successful business and creating sustaining value, the owner is selling to retire.  They are willing to sign a non-compete agreement with the new owner and stay on as a consultant to assist with the transition.

Transferring to the new owner will be:

– All assets of the business.
– The high, intangible value of the company’s strong reputation and goodwill in the market.

This business is an opportunity that can fit the interests of many kinds of buyers:

1. For a buyer who wants to take a hands-on role, the business has a steady stream of new and repeat customers. A new owner-operator with knowledge of the electrical industry can roll up their sleeves and begin adding incremental value right away.
2. A strategic buyer who wants to fold the company into its own structure, the current business is an ideal fit. It’s “lean and mean” yet offers synergistic opportunities when integrated with another enterprise.
3. For a strategic or financial buyer looking for growth, the company’s reputation, culture, and proprietary business practices can serve as a blueprint to scale across the Carolinas or anywhere else in the country.

The owner has done a great job with branding the business within their market. However, they have done virtually no advertising or marketing. An energetic, hands-on business owner could grow the revenues and profits of the business by focusing more on the area of marketing and sales.

Asking Price:	$389,000
Gross Income:	$778,664
Cash Flow:	$274,208
Down Payment:	$39,000
RealEstate Value:	$N/A
FF&E:	$50,000(est)
Inventory:	$0

Building:	500 sq ft
Monthly Rent:	$295 per month(Warehouse)
RealEstateAvailable:	No