Electrical Contractor: Recurring Revenue in NC & VA! (17986)

North Carolina

Seller Financing Available

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Asking Price:$1,200,000
Gross Revenue:$1,780,840
EBITDA:$319,486
Real Estate:$500,000
Cash Flow:$409,109
Inventory:$350,000
FF&E:$400,000
Established Year:1982
BUSINESS DESCRIPTION

Located in the triad of North Carolina, servicing both Virginia & NC, with a history of market command in several states!
Specialized in comprehensive electrical installation & maintenance to high margin of industrial, commercial, & agricultural customers.
Advanced LED lighting solutions, extensive machinery wiring, relocations, and robust power systems for switchgears or MCC preventions!
Currently focused on maintenance and recurring revenue, Sales would triple with renewed focus on installations!
Able to reach Sales of over $3.4 Million in a year, Revenues totaled $1,780,840 in 2023 alongside Discretionary Earnings of $409,109.
Run from two warehouse locations measuring 6,000 square feet, property and equipment are in place to grow business significantly!
Scaling back due to approaching retirement, owners agree to standard transitioning, employees to remain post-purchase, and streamlining opportunities are possible!
Well respected by clientele and subcontractors!
Receiving most traffic from verbal referrals, active website & social media promotion showcases services, with room for maximization.


DETAILED INFORMATION
Location
North Carolina
Inventory
Included in asking price
Real Estate
Owned
Building SF
6,000
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Property is available for optional separate purchase.
Financing
Standard SBA-term financing will be negotiable for qualified buyers.
Support & Training
Owners agree to standard transitioning with staff remaining for streamlining potential.
Reason for Selling
Approaching retirement.
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Jason
Hullender
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Jason Hullender