Business For Sale

Industrial & Corporate Electric Company

Not Disclosed, PA

Central PA


Asking Price: Annual Revenue:
$2,190,000 $5,371,748

Services: Utilities: Electric, Gas, Water, Sanitary


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RE: Industrial & Corporate Electric Company Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $2,190,000 12% Buyer Down Payment: $262,800 18% Seller Financing: $394,200 70% Bank Loan: $1,533,000 A 12% down payment of $262,800 returns $284,659 in the first year after debt payments!

Quick Facts

Asking Price: $2,190,000
Annual Revenue: $5,371,748
Net Profit: Not Disclosed
Cash Flow: $614,598
Total Debt: Not Disclosed
FF&E: $488,000
Real Estate: Not Disclosed
Year Established: 1975
Employees: 27
BBN Listing #: 610834398
Broker Reference #: SER057

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Business Overview:

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 square feet) and heated shop (3,000 square feet). 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.

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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.

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