Listing Number: 71790-233476
This electrical contractor occupies a desirable niche market since 2013 and thrives at the crossroads of quality and cost. This contractor only accepts jobs that will generate a responsible profit margin and has many reputable and repeat customers. It has a proven track record of cultivating and keeping repeat business, so it does not have to compete for unprofitable table scraps during economic downturns.
Corporate culture has a tradition of treating good employees (17-18 FTE) with dignity while purchasing government and distressed surplus at a miserly discount. Consequently, the contractor has an enviable and highly organized on-hand inventory. Ironically excess electrical components, parts & pieces are sold on E-Bay contributing to a respectable portion of other income. Inventory is highly organized but too extensive to assess and is offered through this sale at pennies on the dollar. Buyer can hire an inventory service to assess on hand inventory if so desired.
Nationally tracked benchmarks in this market space demonstrate an average of 6.0% in net income from sales. This contractor produced 15.7% in the first 5 months of 2019 and 17.3% in 2018. In contrast, this contractor has a five-year track-record of generating 14.3% net income on sales.
The reason for this sale is retirement. Included in the sale are the intangibles, FF&E, inventory, real property and A/R. Total sales price is $4.5M.
Rents paid to owners.
- Price: $4,500,000
- Down Payment: $4,500,000
- Sellers Discretionary Earnings: $814,557
- Total Sales: $2,977,455
- Location: Anchorage, Alaska
- Inventory: $100,000
- FF&E: $240,150
- Employees: 17
- Year Established: 2013
- Reason for Selling: Retirement
- Category: Construction