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East San Gabriel Valley

  • Listing No.: 106-20041

  • Category: Service

Asking Price $850,000
Down Payment $550,000
Gross Revenue $2,014,267
Total Adjusted Net Income $385,610
Equipment / Fixtures $25,000
Year Established 2003
General Location East San Gabriel Valley
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This is an extremely well structured & efficiently operated company w/ a fantastic reputation in the East San Gabriel Valley over the past 16 years. They have outstanding employees (the large majority of which have been with them for 10+ years) that work every day with little-to-no supervision. They offer residential electrical repair & remodel (30% of rev), multi-family repair, rewire and re-meter (60% of rev), and the remainder is commercial work. Sales are trending upwards with a $469K income over the trailing 12 months. They only had to lay off 3 newer helpers during Covid, but have been able to keep everyone else employed and busy. An Electrical contractor's (C-10) license is required to operate the business. Seller states that a buyer w/ a GC license could increase sales significantly by bundling services for a couple of large REITs that they do work for. Seller is relocating, but can stay on for an extended transition period. Call today for more details.

Gross Revenue $2,014,267 Listed Price $850,000
Total Income $385,610 Down Payment $550,000
Base Rent $3,000 Square Feet 3500
Total Rent $3,000 Lease Expiration 06/2022
Rent Deposit Lease Options
Inventory $20,000 Leasehold Improvements $0
Equipment / Fixtures $25,000 Other Assets
Full-Time Employees 12 Training Period 4 Weeks
Part-Time Employees Special License Required C-10 (electrical)
Contract Staff Reason for Selling Relocation

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.