Electrical Contractor
Location Montana,United States
Asking Price Range $500K - $1.0M
Gross Revenues $2043891
Net Profit / Cash Flow $244984
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1997
Number of Employees 10 - 19
Inventory 80000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training The owners will provide four weeks of training for the new entering party. In addition, the owners will be available for consultations during a transition period.
Reason for Sale Retirement.
Description This electrical contracting business for sale performs commercial, residential, service and low voltage electrical work (security, alarm, computer networking and sound systems) for a large area in Montana. It is one of the older, more established and best known electrical contractors in the region. Who should inquire about this business? Those with construction/electrical contracting/networking experience who also have a management background. You should have available credit of at least $132,450 for downpayment funds and working capital. An additional home equity line of credit would be helpful. The Buyer will need excellent credit to qualify for a 10-20% down SBA loan which will be complemented with partial seller financing.
The facility is ideal for the business with offices, conference rooms, storage and shop. Real property is not included in the sale; however, the current owners are willing to negotiate an acceptable lease based on the expense guidelines of the third party appraisal procured by the owners prior to the sale of the business.
Competition is relatively strong in the area but the business has unique licensing which gives it an edge over the competition.
Both remodeling and service work remain strong in the region with a slight slowdown in residential and commercial construction at the present time.
Seller financing is possible in an unknown amount based on the credit qualities of the potential Buyer. SBA lending is available in most cases. Many businesses will qualify for IRA/401K funding without early withdrawal penalties or additional taxes. Please feel comfortable in asking us for help in financially qualifying you for any proposed transaction.
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