LISTING DETAILS
Listing Status: New
Asking Price: $280,000
Total Sales: $502,669
Cash Flow: $112,271
Real Estate Asking Price: N/A
FFE: $30,000
Inventory: $30,000
FFE Included in Sale: Yes
Inventory Included in Sale: No
Real Estate included in Sale: No
Year Established: 1994
Employees: 5
Description
Business Summary:
Excellent opportunity to own an established electrical contracting company that has been serving customers in DC, Maryland and Virginia for over 30 years. The owner is a Master Electrician and has several employees who perform work for the company as well. There is a combination of commercial and residential customers with several key long-term relationships in place with General Contractors who work in the public sector (e.g., schools) and commercial businesses (e.g., laundromats, restaurants, retail stores, offices, etc.). There are also other relationships in place with suppliers, vendors, and fellow industry professionals that serve as a nice complement to the business.
The primary services offered include: Commercial/Residential Full Service Electrical Installation, Repairs, Retrofits, Renovations and Upgrades, Interior/exterior Lighting and Upgrades, Electrical Service Upgrades, Fire Alarm systems, Residential and Commercial Standby Generator installation, Transformers, and Energy Management. The business is known for their commitment to consistent and high-quality workmanship. The business has recently gone through a rigorous process and has been awarded the federal SBA 8(a) certification. The business is also a certified Minority Business Enterprise for the state of Maryland and holds the following certifications, Minority-Owned Business, Self-Certified Small Disadvantaged Business, Economically Disadvantaged Women Owned Small Business, Women-Owned Small Business, Asian-Pacific American Owned, DOT Certified DBE. The business maintains electrical licenses in all relevant counties in the DMV.
The demand for electrical contracting services in the Northern Virginia, Maryland & DC Metro market has been strong, so this is an attractive way to enter the industry without the headaches and time of starting a new business from scratch. The owner has decided it’s time to retire after a long and successful tenure of running the business. They are willing to provide some financing to the next owner and will also assist with training and transitional support so they are set up for success. Don’t miss out on this opportunity and contact us today to learn more!
Description of Facilities: The business operates out of an industrial/commercial multi-purpose condo in a high traffic central area in Laurel, Maryland. The space holds all inventory and materials along with enough floor space to garage park two full-size working vans or trucks. There is room to expand with tall ceilings and ability to easily build out a second-floor office space, as several neighboring condos has already done.
Competition: There is standard competition for the industry and market, but this business has been established for over 30 years with an excellent reputation in the area. The quality of work, attention to detail, and fair pricing has also enabled them to set themselves apart from the many competitors in the market.
Growth & Expansion: The existing customer base has largely been cultivated through word of mouth and referrals. There are no 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. There is opportunity to hire additional staff, offer new products/services, and expand into the residential construction industry.
Seller Financing Available: Yes
Reason for sale: Owner is retiring.
Training & Support: Seller will provide necessary training and support.
For more information on this listing, please complete our Non-Disclosure Agreement
