Electric Supply Company for Sale – Richmond, VA

Asking Price: $1,100,000       Annual Income: $7,000,000   Cash Flow: $200,000     

Electric Supply Company for Sale – This long-established Electrical Supply Company with showroom and warehouse occupies a 8,000 S.F.+/- brick and cinder block building in a major commercial area near the downtown Richmond area. The business faces a busy street with easy access to parking. There is a driveway located on the side of the building for easy loading and delivery of products. The current owner has developed a very loyal and growing customer base.

Competition / Market Pros and Cons:

The local market has other electrical supply companies; however, this company has many established and loyal customers – Electrical, HVAC, and other contractors as well as state government, and local municipalities in the area.

Growth and Expansion Pros and Cons:

The company sees new growth and expansion opportunities with upcoming government contracts, commercial, residential, and electrical upgrades. Also, the company is expanding sales in municipal wastewater projects, electrical grid improvements, highway signals, signs, cameras, and advanced battery backup systems for emergency power and other applications. Annual sales are expected to increase by $1M to $2M in the next 12 months.

Year Established:    1984    Number of Imployees:   4

FF&E: $20,000        Inventory: $80,000 (Included in Price)  

Real Estate: (Included in Asking Price)  

Financing: See broker for information on financing packages.     

Support / Training:

The seller will train a new buyer during a predetermined transition period.    

Reasons for Selling:

The owner wishes to retire. 

For More Information – Contact:

Lewis Hopkins, ABI Business Broker

Phone: 540-354-2791 or Email: Lewis@TheHopkinsGroup.biz