OXFORD, North Carolina
| Asking Price |
$2,000,000 |
Year Established |
2005 |
|
| Annual Revenue |
$2,000,475 |
Reason for Selling |
New Venture |
|
| Annual P/L |
$0 |
Attention |
Rally deLeon |
|
| Annual Cash Flow |
$488,887 |
Listing Number |
1005065 |
|
| # of Employees |
10 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
This established full-service electrical contractor holds unlimited licenses in both North Carolina and Virginia, delivering reliable expertise across a wide range of projects. The company specializes in commercial and residential installations, repairs, and system upgrades, with additional proficiency in generator installation and maintenance. Clients value the firm’s professionalism, technical skill, and commitment to quality on every job. Business comes with unlimited licensed employee. Seller is ready to semi-retire in new venture.
The Buyer must be a NC–licensed electrical contractor and must serve as the licensed qualifier in responsible charge immediately upon acquisition, ensuring uninterrupted operations and compliance. To qualify, an applicant must document a minimum of four years (8,000 hours) of verifiable hands-on electrical experience and pass the state administrated exam.
Three different SBA lenders have already pre-qualified this listing for financing. Buyers must demonstrate the financial capacity to support a $2.0 million acquisition, whether through personal capital, lender financing, or a combination thereof. This opportunity is best suited for well-capitalized buyers who are prepared to move forward within standard lender underwriting parameters.
Property Features and Assets:
<p>A locally established electrical services company, incorporated in 2005, has grown from a small community contractor into a regional provider serving multiple counties and bordering counties in VA. Leadership has expanded over the years to include licensed professionals overseeing technical operations and administrative management, creating a balanced and experienced team. As the business matured, its service offerings broadened beyond standard electrical work to include specialized generator sales and support as an authorized dealer for major national brands. The company’s progression—supported by advanced licensure across the VA state lines—has positioned it as a respected and reliable provider within its service region and is postured for growth.<br></p>
Market Competition and Expansion:
<p>Surging Demand for Backup Power: Increasing grid instability and frequent power outages drive higher demand for residential and commercial standby generators.<br><br>Regional Construction Boom: Raleigh alone added ~32,000 new residents from 2020 to 2024, one of the largest increases in the nation. This development boom translates into heightened demand for electrical contractors for new builds, renovations, and infrastructure.<br></p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity