Commercial LED Lighting Sales, Service and Installation

Asking Price$925,000

Cash Flow

EBITDA$150,000

Gross Revenue$800,000

Inventory$25,000
Included in asking price
FF&E$75,000
Included in asking price
Real Estate$650,000
Included in asking price
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Commercial LED Lighting Sales, Service and Installation


Asking Price$925,000

Cash Flow

EBITDA$150,000

Gross Revenue$800,000

Inventory$25,000
Included in asking price
FF&E$75,000
Included in asking price
Real Estate$650,000
Included in asking price

Seller Financing Available
Business Description
Commercial LED Lighting Sales, Service and Installation. 26 years in business. This business is located on a major thoroughfare in Cary NC. Electrical Lighting is everywhere. We have a Brick and Mortar LED Lighting supply house that allows us to participate in Duke Energy Retail Rebate Programs We also participate in there contractor programs as we are Licensed Electrical Contractors. We also purchase direct from manufactures and local lighting reps in the Industry. We also use a very affordable and easy to use lighting software to show customer rebates and energy savings. Owner, salesmen and employees more than eager to stay on. Easy business to operate. 9-5 M-F
About the Business
Years in Operation
26
Employees
4 (3 Full-time, 1 Part-time)
Employees 1-Estimator/Electrician, 1-Electric/Lighting Tech, 1-helper, 1-PT Sale
Facilities & Assets
Business is located on major road with signage. Approximately 1 mile off of I-40. Building is zoned for a Lighting and Electric supply house. The office/sales building is 1600 sq ft with fenced in parking and outbuilding. Assets include all tools/excess materials one would expect from 26 year old company. 1-2016 VanLadder Bucket Truck(Great Shape)1-2015 NV200 Van (Bad Shape) 1-2016 ProMaster Van(Great Shape), 1-2007 GMC PU (Good Shape), 1-scissor lift(Good Shape) with new trailer.




with custom trailer
Website
HTTP://www.hiliteservices.com
Market Outlook / Competition
There is competition but not many who have our setup. We have a Brick and Mortar LED Lighting supply house that allows us to participate in Duke Energy Retail Rebate Programs We also participate in there contractor programs as we are Licensed Electrical Contractors. We also purchase direct from manufactures and local lighting reps in the Industry. We also use a very affordable and easy to use lighting software to show customers rebates and energy savings. Because this type of work is so profitable we have all the insurance our customers need.
Opportunities for Growth
Currently we do no marketing. No email marketing. No cold calling. No feet on the streets. Nothing! I currently only answer calls from existing or past customers. The website needs to be updated and the phone lines answered. This area as you know has exploded and continues to explode. Our Salesman only follows up with existing customers Duke Energy Inquires and referrals from Manufacturers Reps. With the great pricing we have on our products you could also do very well with online sales. I have not marketed the supply house at all!
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
1,600
About the Sale
Seller Motivation
Retirement. I have been doing this 35 years. Approaching retirement
Transition Support
Owner has Unlimited Electrical License and is willing to stay on part time. Salesman has a 20 year lighting background and would also like to stay on. Main Estimator/Electrician wants to stay on and also Light/Electric Tech and Helper also want to stay on. We all Love Hi-Lite and the type of work we do.
Financing Options
Will owner finance 20%
Listing Info
ID
2328576
Listing Views
Business Location

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Business Listed by: Mark McGrath

Listing ID: 2328576 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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