Business Overview:
With 4 decades of experience and customer service, this great electrical sales and service company is available for new ownership. Business activity includes not only generator sales and servicing, but also mortor rewinding, electrical testing, dipping, baking, metal fabrication, etc. Diverse customer base of residential, commercial, industrial, and rental company customers. Currently operating at about 25% capacity for new owner to implement marketing or add to an existing industrial operation. Company is not actively marketing. Sales do double or triple with a hurricane in the region, and offshore work as company did in the past could add additional revenue for any company in that arena. Owner is ready to retire and selling at asset value. Very large 25,000+ square feet building with many cranes and large yard available with asset purchase for only $1,400,000 total although real estate is even assessed at over $600,000 and worth more! This is a tremendous opportunity for a company to expand into this market and take advantage of the equipment, knowledge, customer base, and facilities to expand.
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Property Features and Assets:
Located in Acadiana with lots of industry and oil & gas operations onshore and offshore. Building has high eaves, large overhead doors, many cranes up to 25 ton bridge and several smaller cranes. 2.5 acres for lots of yard storage! Retail area for sales of generators and power accessories.
Market Competition and Expansion:
Not a lot of competition that can sell, service, and repair generators and rebuild motors as this company does. This company works throughout the state and in the past into Texas or other surrounding states.
Currently there is no marketing program and current activity is word of mouth and existing customer base. At one time this company had over30 employees but owner has cut back to simplify and is ready to retire.
Reason for Selling:
Retire and health
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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