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$245,063 Annually
$132,381 Annually
This niche electrical and mechanical repair service business specializes in performing repairs, restoration, upgrades and maintenance. They service mechanisms in government buildings, shopping malls and plazas, train stations and airports. The company primarily services Southern California (from Santa Barbara to San Diego, and inland to Palm Springs), with occasional work in Northern California, Seattle and Phoenix.
Currently, most of the service work is performed by the owner, however he has two part-time (on-call) employees who perform assistant duties. The business doesn't need any special facilities, only a computer with a solid Internet connection, a cabinet to store small parts inventory, a workbench to service mechanisms, and a van or truck to transport your tools to the job site. COVID hasn't slowed this business a bit: he has done close to 100 jobs in 2020! The majority of his jobs are repairs, which he then up-sells upgrades to the electrical system and yearly maintenance. Even with this great client base, there is plenty of opportunity for growth: up-selling LED conversions (most cities have a budget for this), modernizing electrical systems, and yearly maintenance contracts.
The owner is getting older, and wants to start phasing into his retirement. Therefore, it's time to pass on his repair business to someone who can take it to the next level. Some electrical experience will be helpful, but is not required, and no special contractors license is necessary. His website is near the top of Google page #1 when looking for this niche repair business; he has built a great digital brand foundation over the years. Between his Google presence, steady clientele, and client and vendor relationships, an energetic Buyer can step in, generate cash flow from Day One, and grow the business!
This repair business is a fantastic opportunity for anybody looking to be independent, in the service business, and in a low-competition niche. What are you waiting for? Reach out to the Agent today for more information.
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