Established and Well-Known Electrical Lighting Contractor Serving the DC Metro Area

LISTING DETAILS

Listing Status: Under Contract

Asking Price: $215,000

Total Sales: $555,651

Cash Flow: $88,678

Real Estate Asking Price: N/A

FFE: $65,800

Inventory: $5,000

FFE Included in Sale: Yes

Inventory Included in Sale: Yes

Year Established: 1999

Employees: 4

Description

Business Summary:

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.

Description of Facilities:

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.

Competition:

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.

Growth & Expansion:

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.

Seller Financing Available: Yes

Seller Financing Terms: Depends on the final purchase price, terms, and qualifications of the buyer.

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

Dustin Zeher

Dustin Zeher