Commercial & Industrial Electric Company

Not Disclosed, PA

Central PA


Asking Price: Annual Revenue:
$2,360,000 $5,704,542

Services: Utilities: Electric, Gas, Water, Sanitary


Request More Information
Contact the Seller

RE: Commercial & Industrial Electric Company Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $2,360,000 12.5% Buyer Down Payment: $295,000 15% Seller Financing: $354,000 72.5% Bank Loan: $1,711,000 Fully collateralized! A 12.5% down payment of $295,000 returns $438,286 in the first year after debt payments!

Quick Facts

Asking Price: $2,360,000
Annual Revenue: $5,704,542
Net Profit: Not Disclosed
Cash Flow: $787,301
Total Debt: Not Disclosed
FF&E: $488,000
Real Estate: Not Disclosed
Year Established: 1975
Employees: 27
BBN Listing #: 610834398
Broker Reference #: SER057

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Providing general electrical services since 1975, this business has nearly $800k in profit for 2018. The owner, who provides general oversight, is willing to stay on for one year to help transition his 30 person staff. With over $3MM in projects currently in progress and $1.5MM in upcoming work, industrial and corporate companies in Central Pennsylvania 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. Assets include nearly $300,000 in equipment, $160,000 in vehicles and $1,250,000 in accounts receivable.

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 thirty 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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

4,000 square feet: office (1,000 square feet) with kitchenette, heated shop (3,000 square feet) the building is for sale outside the sale of this business.

Market Competition and Expansion:

Growth Opportunities: Increase work with the universities and colleges, build on hospital and health care facility projects, market services.

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!