Electrical Contractor Specialized in Water Treatment Facilities
Building and Const. Services - Construction Sub-Contractors | Building and Const. Services - Other Services
| Asking Price: | Not Disclosed | Inventory: | $104,000 ++ |
| Gross Revenue: | $6,901,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $508,000 (comments below) | FF&E: | $189,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 FYE | |||
| Cash Flow Comments: 2008 FYE | |||
The Company specializes in a broad range of industrial and commercial electrical work. Clients include water and waste water treatment facilities, local and state governmental agencies, schools, and other industrial clients. Senior second tier management will remain after the transfer of ownership along with the owners for a negotiable transition period. All owner duties are easily replaced. The company’s highly skilled electricians and foremen afford them a preferred status amongst general contractors who invite them to bid or counter-bid on projects that others do not see. Their geographic market is thriving and growing with untapped markets nearby. Current ownership is not maximizing the potential of the business, preferring to run lean and focus on their core business as they prepare to exit. This leaves the buyer with a strong infrastructure in place, poised for rapid growth and a senior management team ready to help make it happen. The current owners are invested in the future success and growth of the company and are willing to remain for an extended transition.
About the Business
Year Established:1982
Employees:22 full time - 0 part time
Facilities:The Company utilizes two separate facilities, a 2,600 square foot shop facility and a 1,728 square foot office facility located on adjacent lots.
Market Outlook and Competition:There is competition but there are also many avenues for growth and expansion. The local and market is booming economically and steady developing brining new business and opportunities to the company. The current owners have decided to run lean and keep margins high so that they can spend more time out of the business. They've focused on their core business and have positioned the company for rapid growth under a newwoner.
About the Sale
Management Training and Support:Both owners are easily replaced in terms of day-to-day duties. the owners are willing to remain with the business for a reasonable transition depending on buyer's needs and abilities.
Reason For Selling:retirement
Seller Financing:There is some owner financing available to the right buyer. Amount and terms dependent upon buyer's needs and abilities.
KEYWORDS: electrical contractor, water treatment, wastewater treatment, government contracts,
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