RESIDENTIAL & COMMERCIAL ELECTRICAL CONTRACTOR
Bluffton, Beaufort County, South Carolina
ASKING PRICE $348,500
FINANCIALS
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Gross Income:
$1,143,800 Cash Flow: $102,700 Furniture, Fixtures & Equipment: $90,000 |
Inventory:
$11,000 Facilities: Leased space, 2,400 SF Established: 1993 |
Employees:
9 consisting of work crews and office staff. Owner Financing: See below. |
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BUSINESS DESCRIPTIONSpecialists in commercial and residential electrical service, remodels, and additions. This electrical contracting and service business has been serving Hilton Head Island, Bluffton, and neighboring communities for 29 years, and has earned a large repeat customer base due to the quality of their work, timeliness, and professionalism. The team, consisting of 6 technicians, an operations manager, and 2 owners (1 operations, 1 administration), have many years of successfully executing projects large and small.
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DETAILED INFORMATION
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Inventory:
Inventory will be valued at cost at the time of closing, and will be in addition to the purchase price. Furniture, Fixtures & Equipment: All service vehicles, company owned tools, and equipment are included in the asking price. Fully turn-key operation. Facilities: The shop and office is located centrally within their primary service area. The facility is a leased space consisting of a 2,400 square foot building and lay-down yard. The rent is currently $2,000/month NNN. |
Competition:
The level of competition in this area would be considered normal, with one-man operations, through multi-crew operations. Growth & Expansion: The southern Beaufort County area continues to grow at a rapid pace, and neighboring Jasper County is demonstrating strong growth. With the combination of new homes and businesses, the continual growth of remodeling older homes and businesses, the demand for electrical contractors remains strong. The addition of a website and the establishment of a social media presence would greatly increase their presence. |
Owner Financing:
The owner may consider some seller financing as a part of the overall financial package. Support & Training: The owner will provide transitional training. Length of training period is negotiable. Reason for Selling: Retirement. |