This service business was established in 2003 as an S-Corporation, by the present owner. This business specializes in Electrical Contracting work. This is a business that is always in demand, because as longs electricity is around you will need a license Electrician.
The business has 2 full time employees, counting the Owner and 3 part time employees. This is a non – union shop with one Shop Foreman. The Owner does not do any manual labor and he works about 40 to 50 hours a week doing bids, payroll and administrative work. The Principal is wants to sell do to personal reasons. The customer base is made up of some residential but mostly with profitable commercial business, doing work primarily for service related companies. The company is housed in a +/- 1500 square foot building, with garage bay doors, rents for $760.00 per month and has a month to month leasing arrangement.
The business cash flows about $65,000 per year and has plenty equipment to get the work done including a fairly new van with signage. The asking price is $105,000 plus inventory of (+/-)$ 15,000. The sale price does not include: Cash & Cash Equivalents, Accounts Receivable and Non-Operating Assets. All existing Liabilities, at Closing, shall be satisfied by Seller |
