Electrical Contractor's Business for Sale - $325,000 (Ann Arbor)

Asking Price: $325,000
Gross: $1,002,248
Cash Flow: $87,921
FFandE: 164,953 Included
Inventory: $70,000 Not Included
Year: 1986
Employees: 6 plus owner
Bldg Size: 2400 sq ft

Business Description
Owner would like to retire and leave 3 electricians and office staff in good hands with another great company for them to thrive in. Seller currently does the estimating and is willing to train a new owner if buyer needs trained and/or would like additional mentoring. Owner has good loyal 3rd generation customer list; 80% residential, 20% commercial and industrial customers. Employees have been with the business for a long time.

2023 Revenue as of mid-May $396,683.23. With the additional electricians recently onboarded, seller anticipates a really good year!

There are 2 vans, a bucket truck, one trailer, and a Bobcat with bucket and forks that come with the purchase of this business. Inventory is negotiable and currently is maintained at an approximate value of $70,000 (not included in ask price). SDE cash flow is reflected in this advertisement. This is a non-union shop.

Seller may consider a partial sellers note with a meaningful down payment.

NOTE: In order to own this business you or someone on your team must have a master electrician’s license and an Electrical Contractor’s license through the state of MI. Seller is willing to work with a qualified prospective buyer on this for a pre-agreed upon period of time.

If interested in this business you must complete and return a NDA (confidentiality and non-disclosure/non-circumvent agreement). Call Broker for more information.

FACILITIES: Leased location has a one-year option to renew. It is currently operating out of 2400 sq ft commercial building which includes a warehouse, garage, storage areas, and offices.

COMPETITION: This business has a great reputation for excellence and quality in its work and customer service

GROWTH & EXPANSION: This has been a very steady stream of income for the owner for many years. Income could possibly be increased by securing more commercial accounts.

FINANCING: Currently leased location has a one-year option to renew

SUPPORT and TRAINING: Owner is willing to assist buyer as agreed to and needed.

REASON: Retirement

post id: 7756409719


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