Electrical Contractor, Recurring Revenues and Strong Demand!

Price: $580,000

Location: McKean County, PA

Industry: Building and Construction

Listing ID: P01182024

Successful, licensed 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 almost 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.

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.

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, 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. The business real estate is also for sale.

Listing Details

Gross Revenue: $1,500,000

Cash Flow: $230,000

FFE: $290,000 (Included in Price)

Real Estate: $375,000

Terms and Conditions?:

Business is for sale with the real estate.
Bank financing available for qualified buyers
Lender SBA Prequalification pending

Reason For Sale:

Seller is relocating

Training & Support:

Owner will provide support during a transition. Electrician's licensing is required.

Operation

Year Established: 1997

Days & Hours of Operation: Mon to Fri

Owner Hours Per Week: 40

Non-Owner Payroll: $12,500

Employees: 4

Managers: 1

Location

Monthly Rent: n/a

Type of Location: stand-alone building with offices, garages and warehouse storage.

Square Footage: 2500 est.

Facilities Information:

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.

Summary

Owner Qualifications:

A buyer will need an electrician’s license to own and operate the business. Seller can assist temporarily with the Master License for filing, but a seller will need to have an existing Journeyman’s license at minimum.

Potential Growth:

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.