SOLD!

Details

Commercial Electrical Contractor

Asking Price:
 $800,000
Annual Sales:
 $3,126,000
SDE:
 $302,000
Inventory: N/A
FF&E: $81,000*
Real Estate: N/A
Employees: 16 FT
Location: Colorado
Reason For Sale: Semi-Retirement
*Included ** Not Included

 

Business Description

Recurring revenue of approximately 30% of total sales mostly through property management companies. 10% of revenue is service work for prior clients directly. The balance of revenue is TI (Tenant Improvement) with well-established GC (General Contractor) relationships. The company does not bid on open GC work as this work is too competitive, but there is much more to bid on if there is a desire to grow the revenue. The staff is well seasoned and dependable. The Owner is willing to stay on for many years in a sales role but needs someone to take over ownership and general management. Business is offered as an Asset Purchase (not a stock purchase). Cash, AR, and AP is not included in Sale.

Represented by Bill Scott. Tell me more about this business.

Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.