71401- Silicon Valley-Based Specialty Electrical Contractor

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Asking Price:
$1,200,000

Gross Revenue:
$1,939,000
Cash Flow:
$382,000
EBITDA:
$283,000
Inventory:
 Not Disclosed

FF&E:
$47,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Outstanding opportunity to acquire a business averaging a 30+% increase year after year over the past 5 years. Owners are flexible, will consider a joint venture proposal, and can remain for an extended transition period. The Company is a specialty trade contractor offering electrical contracting and consulting services for commercial and industrial applications. The business is certified by the State of California as a Title 24 qualified and compliant contractor, accepted as a Trades Professional by the local utility company, and recognized in 2016 as Employer of the Year by CalWORKS. The company’s primary services include lighting energy audits, tenant improvements and new construction, and operates from a 1,699-square foot facility, which it owns, to coordinate the projects and certified personnel. The Company has a proven track record, supported by its 19 years of ongoing business. Revenues have been increasing 24% to 37% per year over the past five years due to an increasing customer base. Last fiscal year, the Company’s total revenue was $1,939,041 with an EBITDA of $282,867. Fiscal 2017 (thru Sept. ’18) is already more than 50% ahead of Fiscal 2016 after 6 months. This is a “can’t miss” opportunity for the right buyer!

About the Business

Location:
California
Year Established:
1998
Number of Employees:
12
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About the Sale

Reason For Selling:
Approaching retirment
Training/Support:
While the employees would probably stay on after the sale, the current owner wishes to remain with the business for extended period. This would be to provide technological advancement to the business for an accelerated growth.
Seller Financing:
Negotiable for the right buyer

Listing Info

ID:
1509395
Ad Detail Views:
519

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