Electrical Business for Sale

Ann Arbor, MI

Business for Sale - $325,000


Agent Info

Michelle Webster
BB&F, LLC.

Property Info

CIMLS#1084822
Location
  Electrical Business for Sale
  Ann Arbor MI 48109
UpdatedAugust 25th, 2021
TypeBusiness
Price$325,000

Contact


Property Description

Owner would like to retire and leave 4 electricians and office staff in good hands with another great company for them to thrive in. Seller currently does the estimating and is willing to train a new owner if buyer needs trained and/or would like additional mentoring. Owner has good loyal customer list; 80% residential, 20% commercial and industrial customers. Employees have been with the business for a long time. There are 3 vans, a bucket truck, one trailer, and a Bobcat with bucket and forks that come with the purchase of this business. Inventory is negotiable and currently is maintained at an approximate value of $70,000 (not included in ask price). SDE cash flow is reflected in this advertisement. This is a non-union shop.

Facilities: Currently leased location has a one-year option to renew. It is currently operating out 2400 sq ft commercial building which includes a warehouse, garage, storage areas, and offices.

Competition: This business has a great reputation for excellence and quality in its work and customer service.

Growth/Expansion: This has been a very steady stream of income for the owner for many years. Income could possibly be increased by securing more commercial accounts.

If interested in this business you must complete and return a NDA (confidentiality and non-disclosure/non-circumvent agreement) . Call 734-323-0376 or email michelle@bbfbrokers.com for more information.


Financials

Gross Income: $ 766,477

Cash Flow: $ 209066

FF&E: $ 164,953 (included in Asking Price