Asking Price: $500,000

Gross Revenue: $3,200,000

Cash Flow: $250,000

Inventory: $350,000 (Included in Asking Price)

Gain immediate entry into lucrative eastern upstate NY markets! This successful $3mm company distributes various electrical products and materials for commercial, industrial and large residential projects across an area poised for continued growth. 80% of sales are to repeat customers, representing many of the largest contractors and organizations in the area, which have purchased product repeatedly from the Company over the years. The Company enjoys long-standing relationships with most of its 800 customers, many of which have identified it as a preferred vendor, and has maintained a stellar reputation for outstanding service for more than 50 years. A winner of numerous awards for quality and innovative electrical solutions, this Company has completed projects for some very large facilities and blue chip companies. Customers are located across a five state region but concentrated in eastern upstate New York.
Several immediate opportunities have been identified to reduce costs, increase profits and grow revenue.

Year Established: 1950

Employees: 10 full time - 2 part time

Relocatable: Yes

Facilities: The business operates from a leased 25,000 square foot facility. The lease expires in 2009 but can be extended. The business can remain in this location or be moved to another.

Market Outlook and Competition: The market region served by this Company is growing and is expected to grow even faster due to commercial, industrial and residential construction. These markets are all served by this Company. There are some smaller competitors and a few larger competitors in this region but the Company has many long-standing customers and it differentiates itself through quality service that consistently meets customer needs.Several growth opportunities exist to expand revenues and profits.

Management Training and Support: Trained staff in place throughout the operation. Transition assistance will be provided.

Reason For Selling: Owners have personal interests they’d like to explore and are seeking to identify buyers with the capability to continue the company’s success.