Phenomenal Commercial Electrical Contractor with 46 Years in Business
Phenomenal Commercial Electrical Contractor with 46 Years in Business
  • Listing Number:
    100062
  • Listing categories:
    Commercial Electrical Contractor
  • City:
    Memphis
  • State:
    Tennessee
  • Zip Code:
    38134
  • Gross Revenue:
    $3,705,475.00
  • SDE / Cash Flow:
    $580,000.00
  • Business was established:
    2016
  • Number of Employees:
    36
  • For Non-Disclosure Agreement of this listing, please Click Here
Phenomenal Commercial Electrical Contractor with 46 Years in Business

Business Summary

Since 1974, this business has been the premier commercial electrical contractor in the northeastern region of Memphis, Tennessee. While never the largest electrical contractor, the business achieved a reputation for quality work at a competitive price... a philosophy that is still maintained today.
The business boasts a staff of 36 active full-time employees, more than half of which have been with the company for over 10 years. The business has a longstanding and loyal clientele, and does work with 10-12 general contractors on a regular basis.

Facilities / Terms of lease

The modern facility that houses this business is a leased 2,000sqft. commercial office space which includes a reception area, 2 private offices, 2 restrooms, and a break room. An additional 4,000sqft. warehouse is included, with another large private office and two larger rooms for storage. Other physical assets included in this sale are the company vehicles which include: 4 Service Vans (2004, 2005, 2010, and 2011 Ford Econoline), 2 Delivery Trucks (2003 Ford F450SD w/ lift gate & 2005 Ford F350SD w/ lift gate), 2 Personal Trucks (2013 Ford F150 Platinum & 2014 GMC Sierra Denali), and a 1997 Chevrolet C34 Bucket Truck with a 40ft. reach.

Potential

Sales revenues and profits have consistently increased over the last 3 years, and the business has been able to consistently cover its costs with sales revenue. The business could generate more top and bottom line profits by expanding into the solar energy market, including the electric automobile charging station industry, which is quickly growing in popularity.

Competition

This business has a PRIME location, seated on the main boulevard that runs through the northeastern suburb of Memphis, TN. The business has required very little advertising, as most new business is generated through word of mouth accolades alone. From 42 years in business, it has earned a name that is well known and respected in both the market area and business arena, and the business has a longstanding and loyal clientele.

Reason for Selling

Retirement

Support/Training

Currently, the business has 36 active full-time employees. The business has staff and management in place to help a new owner successfully manage the transition and to provide continuity after the owners' departure. Over 1/2 of the staff members have been with the company for more than 10 years, and the business has maintained a customer database on which a new owner can rely. One of two current business owners is willing to remain involved for a 12-24 month post sale transition period to assist in any way.

Detail


Excellent Branding, Longstanding Clientele, and 46 Years in Business

make this a fantastic opportunity for any interested acquirer!

Site Credits: MediaLinkers