Description of the business for sale
Company is is a seasoned electrical contracting company engaged in commercial and industrial electrical sales and services, motor repairs, appliance sales and repairs, and computer wiring. Company is licensed to work in New Mexico and Texas. The Company is an authorized dealer for Heartland, Frigidaire, Tappan, and White-Westinghouse appliances. Company has a customer base of over 3,000 active accounts. In 2007, sales are driven by commercial electrical work (54% of sales), industrial electrical work (32%), appliance sales and service (7%), residential electrical work (4%), and showroom sales (3%).
GROWTH: The Company has enjoyed accelerated growth since inception in 1973. Management cites significant opportunities to grow revenues and profits given appropriate investments in capital assets and human resources. Management could expand quickly across the entire state of New Mexico if they could find the employees to build up their staff. According to management, the New Mexico unemployment rate is at 2% making qualified employees difficult to find.
COMPETITION: Success in the industry is largely driven by reliable, accessible, on-call, outstanding workmanship from skilled employees, and competitive prices. The drivers represent areas in which this Company has excelled for over three decades. These and other factors contribute to an 85% rate of repeat business and position the Company well for continued growth and success.
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Support / Training provided by seller
Owner will remain through an orderly and reasonable transition period to insure a smooth transition.
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Description of the facilities
Located in Hobbs, New Mexico, the Company operates out of two leased facilities totaling 16,400 square feet. The facilities include office space, a showroom, and a motor shop.
ADDITIONAL FINANCIAL INFORMATION:
REASONS FOR SELLING: Owner wishes to retire.
EMPLOYEES: Full-time / Part-time: 16 Full time.
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