Electrical Services in Austin. Lease to own.

Austin, TX
Travis County

Asking Price: Annual Revenue:
$325,000 $841,827

Services: Construction, Contractors

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RE: Electrical Services in Austin. Lease to own. Broker: Sunil Verma
Owner Financing is Available!
$150,000 down if Buyer can qualify for a SBA loan.

Quick Facts

Asking Price: $325,000
Annual Revenue: $841,827
Net Profit: $210,832
Cash Flow: $276,767
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: $165,000
Year Established: 2010
Employees: 6
BBN Listing #: 405344926
Broker Reference #: 17132

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Business Overview:

Net income to owner as of August 31, 2017 is $179k annualized $268k. With $263,000 of new contracts finalized, owner is on track to net $300,000 for 2017.
Successful Electrical Service company is located in the booming construction market in Austin. Average Seller Discretionary Income for the past 3 years has been over $275,000 and the current owner has to turn away business only because he has other investments to take care of. Therefore, he has decided to put in on the market and is being offered for $595,000. About 75% of the revenues are from commercial accounts and Residential business makes up about 25% of the sales. Besides the owner, there are 6 employees most of them journeymen, apprentice and Master Electrician. The new owner is required to have a Contractor's License and a Master's Electrician's License. There is a qualified employee in place to operate the business while the new owner gets his license in place. Additionally, the seller as a Master Electrician can be available to be on the payroll. The ideal Buyer will be a technically and financially qualified operator. This is a home based business, and an excellent acquisition opportunity for an existing Electrical business to expand it's market share without duplicating overheads. The operations are run from a 3 acre property to house the vehicles and equipment. The property is commercial zoned with plans to develop. The property is available for an additional $165,000 with the business and property package for $750,000. An all cash transaction is desired but there may be some financing available for an experienced Buyer with collateral.

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Property Features and Assets:

Real estate: $165,000; Business plus property: $750,000.00.

Market Competition and Expansion:

Booming construction economy and capacity to increase revenue.

Reason for Selling:

Other business interests.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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