(Under Contract) Electrical Contractor in Hancock County, Maine

Price: $995,000

Location: Augusta, ME

Industry: Building and Construction

Listing ID: CM8923

***SOME OWNER FINANCING AVAILABLE!***

*Price reduction!

This is a rare opportunity to own one of the most prestigious and well-known companies in the state. Serving the area for 48 years, this thriving electrical contractor has multiple employees and serves clients throughout one of the most exclusive towns in the region.

They provide a full range of services for both residential and commercial customers including PV solar installations (solar panels), heat pumps, home automation, lighting design and more.

The optional real estate includes an enormous workshop with high-clearance doors and high ceilings.

If you’re looking to plant your flag in the electrical contracting business without having to grow a company from scratch, this just might be the opportunity for you. The seller has built a solid, profitable business that is truly turnkey.

The fleet of vehicles includes 2 bucket trucks, 2 transit vans, 4 cargo vans, 1 closed multi-axle trailer, 1 15’ trailer and 1 20’ trailer.  The vehicle count and cost may change as the seller is planning to purchase a new bucket truck and an additional transit van.

Owner is willing to finance the real estate at 4% over 10 years.

Financials
Asking Price: $995,000
Gross Revenue: $1,711,781
Cash Flow: $537,095
FF&E: $10,000 +/- (included in the sale price)
Vehicles: $350,000 (included in the sale price)
Inventory: $100,000+/- (not included in the sale price)
Real Estate: $800,000 (Real estate might be available. Incidental to the sale of the business, and subject to commercial appraisal. not included in the sale price)
Year Established: 1975

Note: Financials are seller-provided and not audited by Inbar Group, Inc.

Down Payment: $147,700

Gross Revenue: $1,711,781

Cash Flow: $537,095

Seller Financing: Yes

FFE: $10,000 (Included in price)

Inventory: $100,000

Real Estate $800,000

Terms & Conditions:

Real estate might be available. Incidental to the sale of the business, and subject to commercial appraisal. Not included in the sale price. Seller estimates the value at $800,000.

Reason for Sale:

Retirement

Year Established: 48