773.243.1603
773.243.1603
download
Listing ID:3N1034

SOLD – Residential Electrical Services: Profits up 15% 3N1034

Sold

The business sells, installs and services generators for residential, commercial, and business use. The business also provides electrical contracting services to home owners. The business has a special strength selling and installing generators. Over 1/3 of business comes from referrals. 25% comes from the web-site of the generator vendor. After installation, the business maintains the unit visiting once a year to service the unit at a fixed charge.

The business provides yearly maintenance to over 1,300 generators in the Chicagoland area. Going forward, the business sees that the growth of the electric vehicle market will mean more homeowners installing a home charging station. The business has taken the necessary steps to be a preferred provider by select electric vehicle manufacturers as well as being specially licensed by the state. The business gets a lot of additional work from customers installing generators or charging station. In the first 9 months of fiscal 2017, both top-line and bottom line results are up 15%.

Transcation Details

  • Location

    USA, Chicago, Illinois

  • Results
  • ESTABLISHED IN

    1992

  • Real estate Included

  • Full-Time Employees

    6

  • Franchise

    No

  • Industry

    Construction

  • Reason for Selling

    Retirement

  • Inventory Included

    Yes

  • Part-Time Employees

    2

  • Business

    SOLD – Residential Electrical Services: Profits up 15% 3N1034

  • Acquirer

  • Annual Revenue

    $1,019,063

  • Annual Cash Flow

    $254,353

  • Seller Financing

    No

  • SBA Financing

    Yes

  • Listing Price

    $399,000

  • Acquisition Highlights

Domenic Rinaldi, CBI