40 Year History Electrical Business For Sale. Low Price
Business Description
Established electrical and security contracting business with 40+ years of operating history, originally founded in 1978 and currently under second-generation ownership. This full-service company serves a broad customer base across Yadkin, Forsyth, Iredell, Wilkes, Surry, and Stokes Counties in North Carolina.
BUSINESS OVERVIEW:
The company operates as a dual-service provider offering both electrical contracting and security system services. With annual revenue of $770,000, the business maintains an established customer base built over four decades of consistent service and strong community reputation.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $770,000
• Asking Price: $1,000,000
• FF&E Value: $20,000
• Inventory Value: $25,000
• Real Estate Included: 1,800 sq ft facility valued at $425,000
LOCATION & FACILITIES:
Based in Yadkinville, NC, the business includes a 1,800 square foot facility that comes with the sale. The operation is relocatable, providing flexibility for new ownership strategies.
GROWTH POTENTIAL:
Current ownership acknowledges significant untapped potential within the existing customer base. The business presents multiple strategic options including expansion, rebranding, or customer base acquisition. Strong established relationships and reputation provide foundation for growth initiatives.
LICENSING REQUIREMENTS:
New owner must possess NC Electrical License minimum. NC Security License required to retain security division operations.
OWNER TRANSITION:
Selling owner, after 30+ years in the industry, will provide minimal post-sale support as needed. Second-generation ownership transition presents opportunity for fresh leadership and business development.
This represents an opportunity to acquire an established electrical contracting business with proven revenue stream, valuable real estate, and significant growth potential in multiple North Carolina markets.
BUSINESS OVERVIEW:
The company operates as a dual-service provider offering both electrical contracting and security system services. With annual revenue of $770,000, the business maintains an established customer base built over four decades of consistent service and strong community reputation.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $770,000
• Asking Price: $1,000,000
• FF&E Value: $20,000
• Inventory Value: $25,000
• Real Estate Included: 1,800 sq ft facility valued at $425,000
LOCATION & FACILITIES:
Based in Yadkinville, NC, the business includes a 1,800 square foot facility that comes with the sale. The operation is relocatable, providing flexibility for new ownership strategies.
GROWTH POTENTIAL:
Current ownership acknowledges significant untapped potential within the existing customer base. The business presents multiple strategic options including expansion, rebranding, or customer base acquisition. Strong established relationships and reputation provide foundation for growth initiatives.
LICENSING REQUIREMENTS:
New owner must possess NC Electrical License minimum. NC Security License required to retain security division operations.
OWNER TRANSITION:
Selling owner, after 30+ years in the industry, will provide minimal post-sale support as needed. Second-generation ownership transition presents opportunity for fresh leadership and business development.
This represents an opportunity to acquire an established electrical contracting business with proven revenue stream, valuable real estate, and significant growth potential in multiple North Carolina markets.
About the Business
- Years in Operation
- 48
- Employees
- 3 Full-time
- Currently Relocatable
- Yes
- Facilities & Assets
- .61 acres. 1800 Square Ft office with storage. 5- 40 ft High Boy Connex Containers (If Wanted), 30 ft. Pup Tractor Trailer Trailer, Lots of parts. 2 Connex boxes full.
Been in business since 1978. I am 2nd generation. Just want out. Someone take this branded company and make it huge. - Website
- https://allenassocinc.com
- Market Outlook / Competition
- This is an established electrical company with a large book of business. It is not being utilized and has many opportunities for growth, rebranding, closing and just taking the customers, whatever will fit the narrative for the new owners. Customer base is all over NC. But basically around the Yadkin County, Forsyth County, Iredell County, Wilkes County, Surry County, Stokes County areas in NC.
- Opportunities for Growth
- Growth and expansion are fully open. A good salesperson and installation team can take the company to the next level. We have a great relationship and reputation in the area and with all of our customers.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 1,800
About the Sale
- Seller Motivation
- Ready to get out of the business. Been doing this for over 30 years.
- Transition Support
- Minimal support. Will help only when needed. New owner will have to have NC Electrical License at minimal. If they want to retain the security division they will have to have NC Security License.
Listing Info
- ID
- 2534358
- Listing Views
Business Location
Listing ID: 2534358 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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