Military Electrical Contractor with over 40% margins

Virginia Beach, VA

Seller Financing Available

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Asking Price:$2,000,000
Gross Revenue:$1,088,827
Rent:$1,650/Month
Established Year:2009
Cash Flow:$627,158
Inventory:$500,000
FF&E:$10,000
BUSINESS DESCRIPTION

The business for sale is the only approved service and supplier of particular electrical products that the military uses on their equipment. The equipment needs to be consistently fixed, serviced and re-built. There are contracts already in place through 2026. Currently the owners do most of the work but their is enough cash flow you could replace them with new hires or an run as an owner operator. It is preferred that the new owners have a similar experience in mechanical and electrical ratings or are comfortable running this type of business with employees. Not only is there consistent cash flow right now but their are several areas that could grow the business.


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
31/12/2024
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
In flex space, can be moved anywhere in the US. The lease is flexible at this point.
Competition
They are the sole provider of the product and service.
Growth & Expansion
On-site work
Financing
TBD
Support & Training
2 weeks
Reason for Selling
Retirement
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Tim
Johnson
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Tim Johnson