Under LOI – Commercial Electrical Contractor – West MI

Under LOI – A well-established and respected commercial electrical contractor in West Michigan is now available. With over 30 years of experience, this company has served the expanding commercial and new construction needs along the lakeshore. Centrally located, with talented, seasoned employees and modern, well-maintained equipment, they have a long history of professionalism in the field, making this a robust opportunity.

This is the perfect opportunity to expand your business in the West Michigan market. The lakeshore has been underdeveloped for years, and recent trends indicate continued forecasted growth in both commercial and residential sectors. Representing such an opportunity in the market is a pleasure, and I’m confident you will be impressed as well

Listing ID:

ABC-24065347-50

Location:

Michigan

Type of Business:

Electrical Contractor

Asking Price:

$500,000 (Plus Inventory)

Gross Revenue:

$1,602,052

Cash Flow:

$182,482

Inventory:

$20,000

FF&E:

$70,000 (Included)

Established:

1985

Employees:

12 FT / 1 PT

Facilities:

Centrally located
Modern building
Clean Safe environment
Room for expansion

Real Estate / Lease Terms:

Available for sale or lease

Growth Opportunity:

Area is growing at a higher rate than other parts of the country
Additional services are in demand
Work environment can support additional employees

Competition:

Demand is exceeding competition
Older electrical contractors are slowing down
Contractors coming in from outside the area

Support & Training:

Business is structured to mentor new employees
Company has a strong base of talent
Owner is willing to assist during transition
Industry offers many avenues for training

Reason for Selling:

Owner is retiring

Broker Contact:

Frank Cobb – Advanced Business Brokers

Direct: 231-750-1400

Fax: 248-564-5259

Email: Frank@ABB-BusinessBrokers.com

For more information, fill out the form below:

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. Above information is subject to change and/or correction and should not be considered binding.