Commercial Electric Services with 27 Employees

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With over $3MM in projects currently in progress and $1.5MM in upcoming work!
Asking Price:
$1,980,000

Gross Revenue:
$5,371,748
Cash Flow:
$552,649
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$488,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

With over $3MM in projects currently in progress and $1.5MM in upcoming work! Industrial and corporate companies in Central Pennsylvania can rely on this team of union electricians to complete projects in a timely and accurate manner. With a stellar reputation, this company has earned long-term client relationships with local colleges and universities, local health care facilities, and commercial businesses. With work in progress topping $3MM and an additional $1.5MM in secured contracts, this team is consistently busy throughout the year and their services are in high demand. Assets include nearly $300,000 in equipment and $160,000 in vehicles.

Located within driving distance of many commercial, health care, and educational facilities, work is typically completed within a 70-mile radius of the office. The headquarters features 4,000 total square feet, which includes a large office (1,000 sq. ft.) and heated shop (3,000 sq. ft.). This building is available for sale outside the sale of this business.

The team consists of twenty-seven individuals, including three office staff, seven foremen, and two project managers who also complete estimations. The number of those working in the field fluctuates upward based on the demands of a project. All electricians are union members.

About the Business

Year Established:
1975
Number of Employees:
27
Facilities:
4,000 sq. ft.: office (1,000 sq. ft.) with kitchenette, heated shop (3,000 sq. ft.) the building is for sale outside the sale of this business.
Growth & Expansion:
Increase work with the universities and colleges, build on hospital and health care facility projects, market services
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Owner willing to stay on for a year
Seller Financing:
15% Seller Financing: $297,000

Listing Info

ID:
1595593
Ad Detail Views:
0

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U.S. Census Data for Pennsylvania
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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