Turnkey Electrical Contractor Biz since 1958

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Motivated seller is retiring! Make an offer!
Asking Price:
$500,000

Gross Revenue:
$947,846
Cash Flow:
$124,375
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$224
included in asking price

FF&E:
$285,250
included in asking price

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Business Description

This second generation family electrical business is perfect for an experienced Electrician to move to a first class resort area. The Coachella Valley is a paradise for a leisure lifestyle with year round sunny skies and delightful 3 season weather.
Founded in 1958 by the father of the current owner, who has operated it for 44 years, this company enjoys an almost legendary reputation and is know for quality and integrity throughout the Coachella Valley and beyond.
Excellent training and environment has resulted in the top 5 key employees averaging 24 years with the company. Over the years, a solid tax strategy of investing in specialized equipment that allows access to jobs other companies cannot accomplish.
Owner has been stepping back for the last few years avoiding larger projects, but this business is ready and able to grow with new management.
Bonus for the right person: in 2000 the owner built a 4200 sq.ft. custom luxury home on an oversized lot with a custom building to house the business. This home / business building is also listed for sale and provides a perfect lifestyle upgrade for an existing electrician to escape from the ice and snow of Northern winters. Imaging leaving the house and walking a handful of paces past your pool to your office!

About the Business

Location:
Riverside County, California
Year Established:
1958
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$1,375.00 Per Month
Facilities:
Custom 4,000 Sq. Ft. building with 4 bays plus office. All is on grounds of luxury Home.
Market Outlook/
Competition:
102 Competitor operations. Gross Industry Market Sales of $158,630,426.
Small business % of total market 55.44%
Average Industry Market Sales $1,555,200
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About the Sale

Reason For Selling:
retiring
Training/Support:
12

Listing Info

ID:
1543110
Ad Detail Views:
533

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Business Listed by

Rick Rayl

Transworld Business Advisors Coachella Valley
License# 02052577

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