This opportunity is an electrical service and generator business for sale located in West Michigan. The Company performs residential, commercial, and retail services. Additionally, the Company can perform level I and level II installations of electric vehicle charging stations. However, much of the Company’s revenue comes from its generator installation and service division. The Company specializes in home standby generator installation and service.
The Company has a strong reputation within the greater West Michigan community, receiving many of its jobs through word of mouth referrals. Customers choose the Company over competitors because of the Company’s reputation, location, and competitive prices.
The Company was founded in 1985 by the current owner. The Owner is actively involved in the Business full-time, working between 30-50 hours per week. The Owner spends most of his time working in the office. The Owner’s main duties are providing estimates to potential customers, scheduling projects, and purchasing all equipment and materials. The Owner’s wife provides part-time bookkeeping work to the Company. The Owner and his wife are flexible to help the new owner(s) effectively transition into the Business.
Additional Information
May 31, 2021 TTM Revenue: $760,324
May 31, 2021 TTM Cash Flow: $207,028 (Seller’s Discretionary Earnings)
May 31, 2021 Inventory: $3,750
Estimated Fair Market Value of Equipment: $70,000
Estimated Real Estate Value: $350,000
Real Estate: The facility is owned by the Owner through a separate real estate holding entity and leased to the Company. The Owner is flexible to sell or lease the facility to the new owner(s).
May 31, 2021 TTM Rent: $15,600
Total Building Size: 2,000 total square feet
Seller Financing Available: Yes
Seller Note: Limited Seller-Financing Available for Qualified Buyers.
Number of Employees: 4 employees (Including Owner)
Year Established: 1985
Facilities: The Company operates out of a 2,000 square foot facility. The facility consists of a 1,000 square foot office building and a 1,000 square foot storage building. Both buildings are in good condition. The storage building features three overhead doors and 12-foot ceilings. The facility has a main utility electric service capability of 200 amps with a 15,000KW Generac backup generator. The office building also has a new heating and cooling system.
Support/Training: The Owner and his wife are willing to provide reasonable and customary assistance during the transition period.
Reasons for Selling: The Owner and his wife would like to pursue retirement.
Investment Highlights
(1) Located in a Great Area with a Growing Population
(2) Strong Reputation in Surrounding Area
(3) Recent Surge in Demand for Generators
Growth Opportunities
(1) Hire More Employees
(2) Focus More on Generator Division
(3) Expand Serviceable Locations
The BEST way to receive confidential information about this opportunity is to fill out the form below.
Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact info@caldergr.com with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few questions related to their background and interests. Enquire today about this electrical service and generator business for sale!