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Electrical Services Business For Sale

Essex County, Massachusetts, US
Asking Price:
$1,200,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,778,006
Cash Flow:
$526,440

This is an excellent opportunity to take advantage of the anticipated accelerating growth in this industry. After thirty years of business, the company has built strong relationships with both customers and valuable industry contacts. The company has established a reputation built on dependability, excellent customer service, and loyal employees.
The company specializes in commercial, industrial, and residential work ranging from service calls to projects more than $500K. Commercial and industrial projects account for most of the revenue. This provides the new owner with an opportunity to grow the residential service department.
The business is in a great location with easy access to an incredible amount of commercial work. The building is in an industrial commercial area right off of multiple major highways.

Owner's Cash Flow - $526,440 (3-year average 2019-2021)

Business Operation

Expansion Potential:

The company has limited marketing. Other than the basic maintenance of the website, the company has not advertised in years. The existing business is maintained through leads. The business gets constant leads for work to bid, and a very high percentage of these leads turn into sales. This presents the new owner with a fantastic opportunity to expand the business. Since the company has such a high percentage of leads turn into sales, even small marketing efforts that bring in additional leads have the potential to bring about tremendous growth. Also, the new owner could build further on the success of the business by taking advantage of the largely untapped residential service department, hiring additional team members, and expanding marketing efforts.

Reasons for selling:

Retirement

Employees:
5 FT / 1 PT

Other Information

Support & training:

The seller will provide training and support to ensure a smooth transition

Related Documents:

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