Electrical Contractor in Business Over 38 Years

Not Disclosed, MA
Middlesex County

Middlesex County

Asking Price: Annual Revenue:
$450,000 $1,306,227

Services: Construction, Contractors

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RE: Electrical Contractor in Business Over 38 Years Broker: Kevin Dougherty
Owner Financing is Available!
$250,000 Down / $200,000 for 120 months @ 6%

Quick Facts

Asking Price: $450,000
Annual Revenue: $1,306,227
Net Profit: Not Disclosed
Cash Flow: $204,736
Total Debt: Not Disclosed
FF&E: $377,458
Real Estate: Not Disclosed
Year Established: 1979
Employees: 11
BBN Listing #: 71814955
Broker Reference #: 3002-14250

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Business Overview:

The Company was founded in 1979 and incorporated in 1984. This well established brand has over 2,000 customers in its data base and according to management, over 200 are repeat customers. The company is certified to bid state work. Its portfolio is estimated to be 40% residential and 60% commercial. Of the residential 8-10% is purely residential, the remainder is large apartment complexes which behave like commercial customers.
The company enjoys a very local brand. More importantly, the company owns three additional websites which could be used to further market adjacent services and further enhance its value.

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Property Features and Assets:

The company is housed in a building with approximately 1,200 square feet and 6,000 square feet of yard space for parking vehicles and trucks. The owner owns the building and land in a separate entity and pays $2,900/month in rent. The company has approximately $600,555 in assets at estimated Fair Market value. Total Assets Included: $456,631

Market Competition and Expansion:

The company has been in business over 38 years and enjoys a strong local brand. It primary competition are other electrical contractors. The company has an excellent brand and has been successful for decades in the Boston area and suburbs. The owner would like to retire and transfer the business to a person or company that will provide continuity for the company and more importantly, take the business to a new level of growth. This is an excellent opportunity for an existing electrical contractor to gain scale, a repeat customer base and possible absorb existing overhead into its own operation, thereby increasing profit.

Reason for Selling:

Owner retiring.

Additional Details:

  • The property is leased.
  • 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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