Electrical contractor that provides residential, commercial and industrial services. The company offers core services including new home wiring, agricultural equipment setups and electrical troubleshooting. With over 50 years of combined team experience, they are well known and respected in their marketing area and beyond. With very little advertising, the company is contacted through word-of-mouth and by their impeccable reputation. While bids are requested from counties outside their geographical marketing area, they are selective about the jobs they bid and consistently work locally with a few requested electrical services in surrounding counties. Current revenue is generated fairly equally between residential, commercial and industrial services. The company has a variety of clients including contractors and home/business owners with bids including new construction, renovation, maintenance and repair.
- Asking Price:
- $500,000 Furniture / Fixtures included
- Sales Revenue:
- $740,177
- Cash Flow:
- $135,406
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The 1,600 square feet shop/office area includes approximately 480 square feet of professional office space and approximately 1,120 square feet of warehouse/shop space. The front of the building has 2 roll-up overhead doors into the shop area and 1 man door into the office area. The facility includes one restroom with shower. The office space has 2 desk work spaces; a seating area for employees and customers; a break area with refrigerator and microwave. The building is well maintained with air conditioning and forced-air gas furnace and includes interior and exterior camera surveillance security. The facility is finished to industrial standard with concrete floors throughout. It is suitable for customer interaction, but not fancy. There is a 20' x 80' area located on the side of the building, which is currently used for material storage (conduit, poles, etc.). The parking area can accommodate 4 vehicles and 1 bucket truck.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Potential growth opportunities include expanding the current market area, expanding into renewable energy installations, upgrading agricultural automation systems and offering smart-home technology. These specialized services meet rising demand for modern energy efficiency and farm technology upgrades. Renewable energy and storage opportunities could include solar panel setups, battery storage and EV chargers. Expanding agricultural and industrial upgrades include irrigation automation, barn and facility technology and standby generators. Smart home and connectivity is growing in demand to include rural broadband support, home automation and increasing panel upgrades. Business maintenance contracts with local schools, churches and small shops is a growing opportunity. Revenue can be increased by building an emergency business reputation and charging premium rates for urgent storm-damage or power failure repairs.
Optimizing an online presence, leveraging social media, engaging with the local community and offering free educational workshops are methods of growth potential.
- Competition / Market:
-
Electrical contracting in the area features a small, tight-knit local market with key independent local providers. The market consists primarily of independent, locally-owned operators rather than large corporate conglomerates. Competition centers on servicing residential homes, local businesses, and regional agricultural/farm equipment installations.Electrical contractors in La Grande, Oregon face key regional trends centered on localized residential growth, building electrification, and agricultural-industrial retrofits. The local planning division is managing small-to-moderate residential additions and smaller multi-family infill layouts. Contractors are wiring these phased housing developments rather than large ground-up tracts.
- Reasons for selling:
-
The owner is retiring.
- Trading hours:
-
Monday-Friday 7AM-3PM
- Employees:
- 5 FT/1 PT
- Years established:
- 36
Other Information
- Support & training:
-
Will train for 12 weeks @ $0 cost.
- Financing available:
-
Lender pre-screened with $50K down.
- Furniture / Fixtures value:
- $167,950 - included in the asking price
- Relocatable:
- This business can be relocated
