Electrical Contractor in Mecosta County

Not Disclosed, MI
Mecosta County

Mecosta County


Asking Price: Annual Revenue:
$350,000 $331,000

Services: Construction, Contractors


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RE: Electrical Contractor in Mecosta County Broker: Bill Malek

Quick Facts

Asking Price: $350,000
Annual Revenue: $331,000
Net Profit: $6,623
Cash Flow: $73,540
Total Debt: Not Disclosed
FF&E: $252,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 2
BBN Listing #: 708656932
Broker Reference #: 200218

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Business Overview:

This Mecosta County Electrical Contractor has its roots going back 55 years, and 19 years operated under the current management. It’s time for retirement. Well regarded in the community is seeking a qualified licensed electrical contractor to carry on the Company name and reputation. The Company has an excellent reputation in the area as a premier Electrical Contracting Firm with winning the Mecosta Counties Peoples’ Choice Awards in multiple years.

The Company has employed as many as fifteen electricians until the 2008-2009 slowdown in the construction sector occurred. A slowing economy and difficulty finding good tradesmen the Company eventually worked their way down to a two-man operation.

Most of the Companies loyal customer base is located in Mt Pleasant, Evart, and Big Rapids. The Company does however concentrate their business within a centrally located forty-mile radius of their home base. The Company has approximately 200 active customers in their data base consisting of 70% commercial and 30% residential customers.

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Property Features and Assets:

This Company has a wide range of equipment that can handle any type of job. The sale of the Company includes all of its equipment including service vehicles, bucket truck, several flatbed trailers, a scat track, other job-related equipment, and office equipment valued over $150,000.

Market Competition and Expansion:

The Area is experiencing an increase in new residential construction in the Canadian Lakes and increased commercial construction and retrofit electrical work in Big Rapids and Mt Pleasant area. Increasing profits by growing the business by adding trade crews as the infrastructure “equipment” is present with the sale.

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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