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You do not need to be an electrician to own this service business! The current owner will be available as signing supervisor for up to four years. For generations, this electrical company has been serving 5,500 commercial and industrial clients within a 150-mile radius of their location with excellent electrical services. Their team of nine includes (3) Journeymen, (2) Apprentices, (1) Service Manager, (1) Equipment Manager, (1) Shop Manager, and (1) Specialist. This electrical company holds over 342 building permits for commercial, government, and service properties. The current owner does no labor and oversees the daily operations.
Established over 50 years ago, this dynamic company completes work throughout Western Oregon and Northern California. They have earned over $2,300,000 in revenue last year and over $1,120,000 in 2017. With over $139,000 in equipment and $138,000 in vehicles, the company is well prepared for daily operations as well as continued growth! The main goal of this team is to provide high-quality services with integrity for the community they know and love. Services include upgrades, retrofits, sign repair, and everyday troubleshooting.
On the cutting edge of renewable energy, this business also understands planning for energy efficiency as well as back-up or off-grid power needs. Technology includes micro-hydro, solar, and back-up generators.
List Price: $1,320,000
Owner Profit/Cash Flow
Profit Margin: 26%
Multiple: 3.6 *Multiples range from 1-5, the average being 3
Valuation: 2 year avg Cash Flow x Multiple = Valuation
$367,330 x 3.6 = $1,322,388
Assets Included in Purchase: $180,772
Equipment: $139,772: Furniture, storage, tools & materials
Intangible Assets: Wide range of services, well-respected, and diverse client base
*Amounts may vary
Location: Eugene, Oregon
Service Area: 150-mile radius of location
Building: 2,500 sq. ft.: Offices, shop
Perform work as subcontractor, accept multiple billing processes, engage with social media
Number of Clients: 5,500
Services: General electrical services for Public Works, residential, commercial, and industrial clients
Will be available as signing supervisor for up to 4 years
Current Owner’s Responsibilities: Office Manager- No Labor
Purchase Price: $1,320,000
12% Buyer Down Payment: $158,400
15% Seller Financing: $198,000
75% Bank Loan: $963,600
A 12% down payment of $158,400 returns $171,077 in the first year after debt payments!
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