Seller's Contact Information
- RE: Reliable Lighting And Electrical Service Business
- Contact: John McCleary
Quick Facts
Asking Price: | $400,000 | |
Annual Revenue: | $1,112,007 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $132,686 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2007 | |
Employees: | 7 | |
BBN Listing #: | 466862509 | |
Broker Reference #: | Not Disclosed |
Business Overview:
The business is a services-based electrical company founded by the owner in 2007 in Bexar County, Texas.
The company primarily serves commercial clients such as retail, office, and warehouse spaces, as well as some residential projects. Roughly 90% of their business is commercial, the remaining 10% is residential. Although the business is involved in both new construction and service projects, they specialize in services, which account for 80% of their revenue. Many of their customers are property management companies with whom they have long standing relationships.
The business has a dedicated team of 7 employees who are focused on providing high-quality electrical services to their clients. The team is led by the owner, who oversees all aspects of the business, from general management to bidding and assigning work, and quality control. They have a foreman who manages operations when the owner is away, ensuring that projects are completed on time and to the highest standards. The owner’s wife assists with bookkeeping and administrative responsibilities, and will also be exiting the business once it is sold.
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Property Features and Assets:
The business currently operates from the owner's residence in northwest San Antonio. The business previously leased a warehouse but found that its utility did not justify the cost. A buyer could lease a physical space or continue to operate the business without a physical footprint.
Market Competition and Expansion:
While there are few existential risks in the electrical services industry, attracting and retaining skilled workers can be a challenge for companies. However, by offering competitive compensation and benefits packages, investing in employee training and development, and maintaining a positive company culture, the business can attract and retain top talent in the field. This, in turn, can help the company to continue growing and expanding its services to meet the needs of its clients in a rapidly-evolving industry. The business is well-positioned for growth and expansion as the demand for electrical services continues to rise in Texas. With the state experiencing rapid growth and a surge in new construction projects, the business's expertise in lighting and electrical installation services puts them in a strong position to capitalize on this trend. By continuing to provide high-quality workmanship and exceptional customer service, the business can position itself as a leader in the industry and expand its services to meet the evolving needs of its clients.
Reason for Selling:
The owner is ready for retirement.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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