Business For Sale Listing 113254
Electrical Sub Contractor
Status as of Nov-21-2008 at 06:07 PM: Off The Market
Business Summary
This electrical contractor in Shelby County, Tennessee, has seen incredible growth and great profitability since it started in 1998. The company primarily does residential work, with some commercial jobs. It routinely works with 30-35 homebuilders and some commercial contractors. The well-established business has a reputation for being fair and honest. It stands out from its competitors for its quality service and hard-working, long-term employees. A few of the employees are so well trained and knowledgeable they could run the business for a new owner who isn’t interested in managing it. The business does little advertising, instead receiving new customers through referrals. Its 100-mile service radius includes Memphis, parts of Arkansas and Mississippi.
The business is located in a 5,000 square foot building on a state highway. Half the building is warehouse and the other half contains offices, a conference room, and a kitchen. It has about 1,200 square feet of storage space over the office area. The owners built the building themselves. It is a metal structure with brick on three sides and is surrounded in attractive landscaping. The owners would lease the property to the new owner or might consider selling if given the right offer. The property is close to a new interstate that provides easy access to Memphis and surrounding communities while avoiding major traffic. The business is in a growing area in the northeastern Memphis suburbs. The city population is around 8,000 and the county population is around 900,000.
At least one of the owners might be willing to stay on after the business sale for up to six months.
Categories
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Industry
Location
Financials
| Sales: |
Between $2.5 Million And $5 Million ($2,870,807) |
| Profits: |
Between $100 Thousand and $500 Thousand ($410,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $2.5 Million and $5 Million ($2,500,000) |
