Industrial Electrical Business 21 Years Ownership

The owner of this long term established electrical business of 21 years has now decided to exit this business and pass the ownership on to a new generation of owner. It has the following attributes: * Large commercial customer base some customers of 20 years. * Situated in the middle of a main industrial area near the port. * Well set out depot with 2 vehicles. * Economical rent of only $20,000 plus GST and outgoings. * Currently run as a one working owner business with additional contract labour used where necessary. * Wide variety of electrical work from routine maintenance, industrial shut down work, projects,and some on-call lighter electrical work with motels and apartments. * 90% of work in the local area so no travel required although there is some on-call out of hours work required.. * Turnover in 2014 over $450,000 including GST with a net surplus to the working owner of $175,315 (EBPITDA). This is a great business for a qualified experienced electrician to step into as either a first business, or to hit the ground running for someone who wants to move to the Tauranga/Mount Maunganui area from elsewhere in New Zealand. The current owner advises that he is prepared to offer a generous vendor assistance period to assist the new owner in taking over this business. For more information a confidentiality form is required to be filled out.