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Asking Price: $210,000

Essential Electrical Repair Business in Akron

Akron, OH
Summit County

This well-established, well branded electrical installation and repair business shows no signs of slowing down. The sale price includes (2) service vans plus an extensive equipment package. The local business serves a very large and protected territory; 80% of sales is residential; 20% is from commercial accounts. This is a proven legacy and generational business for the new owner. With an incredible 27% “year over year” revenue growth this business is literally taking off. The parent franchise fully supports its local units in fact the corporate office conducts interviews to hire, even the master electricians needed. Now, you can hire people for character and “culture fit,” and develop their technical skills on the job. The new owner will also get access to a host of discounts and rebates to put them ahead of the competition through our corporate partnerships which gives the owner the benefit of national buying power. The electrical market is in high demand and expected to exceed more than $11 Billion by 2024. The demand for work in this sector is projected to grow faster than the average for all trades over the next 8 years. No prior electrical experience needed. No Licenses Needed. Full training and transitional support will be included with this sale.Additional Features Include:• Needs-based /recession proof• High scalability• Multiple revenue service lines / revenue streams• Recurring customer base• Superior customer service ranking and referrals• Large service area with more room for development of new business• High profit margin / Predictable incomes

Cash Flow $396,500
Revenue $2,468,000
$ Owner Financing Available

Asking Price: $14,950,000

Commercial Roofing with 16 Million in Backlog

Akron, OH
Summit County

After 30 years in business, this 100% commercial roofing company has over 16 million in backlog and does 70% maintenance work! Their team includes 25 administrative staff members and a combined 60 metal workers and craftsman. The business will use subcontractors on a rare and minimal scale for specialty work. Their client base spans over a 120-mile radius of Erie, PA and consists of exclusively commercial clients, which, coupled with their excellent reputation, has led to their customer pool being made up of 60% recurring clients. Having been open for over 30 years, this business and team have been able to acquire an excellent reputation with their clients and have established profitable partnerships in their community and surrounding areas which keeps word of mouth marketing effective all year round. Though the owner is active in oversight and management, he is willing to stay on for 2 years post-close to not only train & transition, but to help find and train his replacement if the buyer desires. With over $6 million of assets included in the purchase, new ownership can expect to continue this business’s ongoing growth pattern without investing excessive resources into expanding opportunities. They fully self-perform all labor and have an extensive staff and established chain of command.This area is well known for their requirements of union-based employees and businesses for construction or repair work. Thankfully, this business is well intertwined with local unions, and 75% of their current projects come from those established partnerships. While they do some public work with these ties, expanding their partnerships and open bids to include more municipal work would be a huge opportunity for growth. Other opportunities would include expanding into residential work or growing the new installation side of business as their current primary focus is maintenance and repair.Priced at $14,950,000 a 10% down payment of $1,495,000 returns $1,619,957 in the first year after debt payments. The current owner is selling as part of his retirement strategy.

Cash Flow $3,615,422
Revenue $17,541,382
$ Owner Financing Available

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