Business for Sale Overview:
This is an advantageous opportunity for a strategic acquisition on the part of a well qualified individual purchaser, or existing Construction Contractors looking to gain size or increased Market share in the state of Texas. The Client is a highly successful full service Electrical Sub-Contracting Business specializing in all facets of commercial electrical work (the company does not do residential). The company was established in 1980. This corporation has developed strategic alliances with large (bonded) National General Contractors active in the State of Texas and does not rely heavily on new business solicitation. As of August 2008 this company has secured, formal contracts for projects extending through 2009 worth approximately $8,500,000. Ownership is absentee (located out of State). All key operational management is in place and will remain post sale. This is an excellent opportunity for a Private Equity or Venture Capital Acquisition. Financials are well documented.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Furniture, fixtures, and equipment worth $243,000 and inventory worth $240,000 are included in the sale. The company averages $695,000 in accounts receivable on a monthly basis. Receivables and Payables are negotiable and are currently not included in the sale price structure.
Market Competition and Expansion:
This Company has been grown in a very methodical manner over the years with special attention given to tight management of growth to create a balance of staff/cost levels to volume of projects accepted. Contracted work extends through all seasons. This Company maintains the luxury of accepting unlimited levels of contracted work, and modifies the accepted workload in keeping with company plans for staged growth as evidenced by the revenue history.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.