Electrical Contractor & Generator Dealer, Recurring Sales!

Mckean County, PA

Asking Price:	$395,000
Gross Revenue:	$1,250,000
Real Estate:	$289,000

Cash Flow:	$200,000
FF&E:	$290,000
Established Year:	1997

Listing ID: 2200909Listing provided by BizBuySell

BUSINESS DESCRIPTION

Seller is retiring - Great Service and Reputation

Successful electrical contracting business established over 25 years serving residential, industrial, and commercial clients in McKean County, PA, Cattaraugus County, New York, and surrounding counties. The business is a certified Generator Dealer working with multiple brands. They have over 1000 generator systems installed and are the go-to contractor for portable and standby generator expert advice, sales, installation, parts and service with over 600 service contracts in force that could easily grow by expanding area.
The area has very strong demand and gives the business the ability to grow substantially. The company focuses on generators but is a full-service electrical contractor with the ability to provide a full range of services. The owner runs the business from his office with 3 key field techs, a service manager and secretary. There is no state electrical license requirement. Rules can vary by county but only a general contractor's license is needed to operate. The business real estate is also for sale.
The business has a pipeline of generator sales and installation orders going out 2 to 3 months on average. They have been a certified generator dealer for over 20 years and rank within the top 5 to 6% of dealers nationwide and have built up a large customer base and recurring maintenance contract revenues. The business is also a full-service electrical contractor capable of providing trouble shooting and repairs, maintenance, installation services, cabling, new construction projects, service upgrades, and more. They work with homeowners, general contractors, commercial clients.

DETAILED INFORMATION

Location

Mckean County, PA

Inventory

Not Included in asking price

Real Estate

Owned

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Stand-alone building in good condition with no major CAPEX needed on main road with good signage, room for vehicles, easy access to highways and the NY-PA state line. It has offices, garages, and enough warehouse/storage space to keep enough generators and parts on hand. Building is approximately 2500 sq ft There is a separate large garage/warehouse for secure storage/inventory. The business comes with assets for both general contracting work and generator work, including vehicles. Buyer may be able to reduce price if not all equipment is needed.

Competition

The is very strong demand and growth for standby generators sales and service in this area

Growth & Expansion

Large growth exists with the addition of more techs. The business receives a large number of referrals from being an authorized generator dealer and service provider for several brands.

Financing

SBA pre-approved

Support & Training

Owner is relocating. He will provide support during a transition and has a key employee training to handle sales in his absence. There is no State electrical License requirement. A general contractor's license needed. A master Electrical License is needed to pull permits in some towns.

Reason for Selling

Owner is relocating.

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