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Listed by:

The Firm

Commercial And Industrial Electric Shop In Eugene For Sale

Eugene, Oregon
Asking Price:
$1,320,000 (USD) Furniture / Fixtures included
Sales Revenue:
$2,315,902 (USD)
Cash Flow:
$609,136 (USD)

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.

Financial Overview
List Price: $1,320,000
Gross Sales
2018: $2,315,902
2017: $1,125,263
2016: $1,211,593
2015: $1,043,326

Owner Profit/Cash Flow
2018: $609,136

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
A/R: $41,000
Intangible Assets: Wide range of services, well-respected, and diverse client base
*Amounts may vary

Property information

Real Estate:

Lease

Location:

Location: Eugene, Oregon
Service Area: 150-mile radius of location

Premises Details:

Building: 2,500 sq. ft.: Offices, shop

Size in square feet:
2,500

Business Operation

Expansion Potential:

Perform work as subcontractor, accept multiple billing processes, engage with social media

Competition / Market:

Number of Clients: 5,500

Services: General electrical services for Public Works, residential, commercial, and industrial clients

Reasons for selling:

Retirement planning

Trading hours:

M-Th 6:30am-5pm

Employees:
9: 3 Journeymen, 2 Apprentice, 1 service manager, 1 equipment manager/operator, 1 shop manager, 1 specialist
Years established:
52

Other Information

Support & training:

Will be available as signing supervisor for up to 4 years

Current Owner’s Responsibilities: Office Manager- No Labor

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Funding Example
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!

Furniture / Fixtures value:
$139,772 (USD) - included in the asking price
Related Documents:

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