Business For Sale

Need Power? Profitable, Electric/Generator Company

Not disclosed, VA

Asking Price: Annual Revenue:
$599,000 $1,271,328

Services: Construction, Contractors

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RE: Need Power? Profitable, Electric/Generator Company Broker: Hal Feder

Quick Facts

Asking Price: $599,000
Annual Revenue: $1,271,328
Net Profit: Not Disclosed
Cash Flow: $246,675
Total Debt: Not Disclosed
FF&E: $101,754
Real Estate: Not Disclosed
Year Established: 1987
Employees: 7
BBN Listing #: 17724955
Broker Reference #: 2007-13837

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Business Overview:

Serving the needs of the Hampton Roads, Virginia community since 1987, this customer-driven electric company specializes in the sales, installation and servicing of high quality generators for both home and commercial use as well as electrical contracting services.

One of the most valuable business assets is not found anywhere on the balance sheet ... the loyal, dedicated, well trained and customer oriented employees. The present team is small in number, but skilled and efficient and consistently delivers with minimal oversight. In times of crisis, they have proven to do whatever it takes to restore power to their customers in the shortest time possible. This response time combined with intimate knowledge of power systems and customer handling skills has differentiated this business from all of its local competitors.

This business has become well known and respected within the community -- and has consistently been recognized by its suppliers and manufacturer partners as one of the largest volume providers of home/business-based generation power equipment in the Middle Atlantic Region. By selling more, the business has built a very large and loyal customer base which not only breeds strong repeat and referral leads for new generator sales, but has built a significant customer book of after-sales service contracts. In fact, this business has well over 1,000+ customers on service contracts for bi-annual visits and warranty work. The business mix is 60% generators sales and service and 40% electrical contracting with both revenue sources complementing one another.

FINANCING AVAILABLE to qualified buyers! This business, Real Estate, and an initial working capital loan has been pre-qualified for up to a 90% SBA financing package. A loan term sheet is available following receipt of a signed disclosure agreement and financial statement/proof of down payment funds.

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Property Features and Assets:

This business is situated in a light industrial park that is conveniently located to its customer base which supports reliable service by minimizing drive times to clients. The operation is housed in a 2-unit industrial condo unit (2,876 square feet) which features two (2) large garage door access, conditioned office space with 2 restrooms, separate customer entrances, plentiful storage for equipment and generator inventory, 4 secured parking spots within a fenced area, and 6 customer parking spaces. The owner is offering to sell the building for $349,000, which is based on an annual net operating income at a 8% cap rate. There is very little light industrial inventory in this excellent location. Alternatively, the property can be leased for $3,000/month on a 5 year term with renewable options and/or future purchase option available. The tenant would be responsible for utilities, condo fees (which handle lighting, sewer, water, landscaping, trash collection, and exterior maintenance). Landlord would cover insurance, taxes, and interior maintenance expenses. Assets: $179,327

Market Competition and Expansion:

This business services communities in the following areas: Gloucester, Hampton, Mathews, New Kent, Newport News, Norfolk, Poquoson, Providence Forge, Quinton, Smithfield, Suffolk, Surry, Virginia Beach, West Point, Williamsburg and Yorktown. This business represents one of the most popular and highly rated generator brands in the business. Growth potential options include: additional marketing of equipment and services into already established market areas, expansion of product lines to existing customers and geographic expansion into adjacent geographies.

Reason for Selling:

The owner has decided to retire after over 30 years.

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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