Commercial Electrical Contracting Business

This is a full service electrical contractor specializing in retail, residential, commercial, healthcare and industrial electrical services, operating in the greater Chicago IL metropolitan area. Many repeat clients. Established loyal work force. Owner is retiring. The seller operates the business from a 2,000 sq.ft. flex industrial space that he currently owns. That space is available to rent or could be available for sale. The seller has 12 FT employees and 1 PT including 6 foremen, 4 journeymen, a warehouse driver, project manager and office manager and is a union shop.

An electrical contractor licensing is required and the owner will assist in the transition. An executed non-disclosure as well as proof of financial capability is required to move forward.

Down Payment: $97,500

Total Sales: $2,984,312

Cash Flow: $312,226

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $350,000

FFE Included: Yes

Inventory: $75,000

Inventory Included: No

Year Established: 1978

Year of last Acquisition: 2002

Lender Pre-Qualified: Yes

Non-Owner Payroll: N/A

Employees: 12

Real Estate: N/A

Real Estate Included: No

Monthly Rent: N/A

Square Footage: 2000

Franchise: No

Facilities Information:

The seller operates the business from a 2,000 sq.ft. flex industrial space that he currently owns. That space is available to rent or could be available for sale

Reason For Sale:

Retirement

Owner Qualifications:

Electrical licensing required.