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Established Electrical Lighting Contractor Business In Montgomery County For Sale

Montgomery County, Maryland, US
Asking Price:
$190,000 Furniture / Fixtures included
Sales Revenue:
$518,217
Cash Flow:
$109,617

Great opportunity to purchase an established and reputable electrical contractor that provides design/build services for interior and exterior lighting projects. The business was founded 25 years ago and consistently delivers quality service, professionalism, and an unmatched level of project management in their work. In addition to the lighting projects, the owner is also a Master Electrician so full service electrical repair work is a significant part of the business. The business works with local builders, architects, and interior designers on a regular basis. A majority of the work preformed is residential along with some light commercial.

The business has cultivated many loyal and repeat customers by offering competitive pricing, quality workmanship, and reliable services. There are relationships in place with designers, suppliers, vendors, and fellow industry professionals. The primary services offered include: lighting consultation, lighting design and installation, LED retrofitting, artwork lighting (picture lights and directional), chandelier installation (two-story, vaulted ceilings, chandelier lifts), under cabinet lighting and LED tape lighting, niche lighting, dimming control systems, landscape/garden/outdoor lighting, and exterior uplighting/downlighting.

The business has an excellent reputation in the area with a significant portion of its business coming from word of mouth and referrals. The business also has an excellent reputation on popular DC area platforms like Angi (Angie’s List) and Washington Consumer Checkbook. The demand for electrical contracting services in the Northern Virginia, Maryland & DC Metro market has been strong as the housing market remains strong, so this is an attractive way to enter the industry without the headaches and time of staring a new business from scratch. This business might also make for an attractive acquisition for an established contracting company that is looking to expand or branch out into lighting projects.

Property Information

Location:

The business operates out of a home office in Montgomery County, Maryland, but can easily be relocated within the Northern VA, Maryland, DC Metro Area with little to no impact on current operations.

Business Operation

Expansion Potential:

There are a number of ways to grow and expand the business. The current customer base has largely been cultivated through word of mouth and referrals. There is opportunity to hire additional staff and offer new products and services. There are also minimal advertising and marketing efforts in place, so a new owner might wish to make modest investments in those areas to create awareness of the business and its services.

Competition / Market:

There is standard competition in the electrical contracting industry, but this company’s name and reputation has been built up over the past 25 years. The quality of work, attention to detail, and fair pricing as enabled them to set themselves apart from the many competitors in the market.

Reasons for selling:

Owner is retiring.

Employees:
4
Years established:
25

Other Information

Support & training:

Seller will provide necessary training and support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Depends on the final purchase price, terms, and qualifications of the buyer.

Furniture / Fixtures value:
$70,712 - included in the asking price
Inventory / Stock value:
$22,000
Home based:
This business can be run from home
Relocatable:
This business can be relocated