Confidential Litchfield, MN 55355

Property Details for 0 Confidential

Property type

Commercial real estate

Description

This thriving electrical contracting business, located in the Minneapolis suburbs (Litchfield, MN, zip 55355), is offered for sale at $649,000. Established in 2008, this 15-year-old, non-union company boasts impressive revenue growth, consistently exceeding $700,000 annually. The current owner is selling to pursue other interests, offering a unique opportunity for acquisition. The business currently operates at peak capacity, turning away projects, indicating significant untapped potential for expansion through increased staffing. The strong client base includes residential and commercial projects, with referrals from property management companies providing consistent revenue streams. A key asset is the inclusion of a Master Electrician on staff. The sale includes $116,000 in furniture, fixtures, and equipment (FF&E), and $15,000 in inventory. Seller financing of $64,900 is available. The business enjoys a strong Seller Discretionary Earnings (SDE) of $259,719. The sale includes a non-compete agreement within a 100-mile radius for three years. Four weeks of support and training will be provided to ensure a smooth transition. The business operates Monday through Friday, 7:00 am to 4:30 pm, with three employees (two full-time, one part-time). The owner currently works 40 hours per week. This presents a turnkey opportunity for a buyer to step into a profitable, established business with significant growth potential.

Location Insight

City

Litchfield

County

Meeker

State

Minnesota

Longitude

-94.343

Latitude

48.6994