ELECTRICAL CONTRACTOR
PBG Reference No.: S426

We are pleased to present this business opportunity for your review. Premier Business Group, Ltd. is one of the leading business brokerage firms in the Midwest. We specialize in representing manufacturing, distribution and service companies in the divestiture process. The Seller pays our fees; there is no monetary obligation to prospective purchasers. Premiers' expertise includes assisting in structuring the transaction and financing. We encourage you to make an appointment with the broker listed on this offering to discuss your needs, to obtain further information regarding the company you are inquiring about, and to receive information on other companies that may be of interest.

This well-respected electrical contracting firm has been serving the Chicago area industrial, commercial, and multi-unit residential markets for 50 years. During that time, it has established name recognition for its design/build capabilities, competitive pricing, and strong service philosophy. Its customer base is staunchly loyal.

The company has the technology, engineering skills, and manpower to handle jobs ranging up to $1 million-plus in installation costs, and has experience and expertise in some of today’s most demanding wiring specialties. Projects have been completed for the Chicagoland stores of several national retailers, as well as for a famous Chicago sports landmark and numerous commercial and industrial facilities. In the residential sector, the company has particular strength in the condo market.

A highly trained workforce; close relations with local unions, builders, contractors, and municipal authorities; and a spotless reputation and credit history add to this form’s strength. An expanding regional economy, with construction opportunities across all building sectors; and a scenario of increasing dependency on electrical power and complex wiring infrastructures will drive opportunity for the foreseeable future.

With its stable foundation of accounts, this company would be an excellent acquisition for a strategic buyer with the capital to mount a marketing program and aggressively pursue larger and more complex jobs. The firm also represents a first-class entry into the booming northeast Illinois market.

FINANCIAL HIGHLIGHTS

	2007	2006	2005
SALES	$5,201,948	$5,362,272	$5,901,497
EBITDAS* (Adjusted Net)	$   502,449	$   412,033	$   431,291

*Earnings before interest, taxes, depreciation, amortization, and salary including all benefits for a full-time working owner.

DEAL STRUCTURE

Price: Open To Reasonable Offer

All of the furniture, fixtures, and equipment used in conducting the business will be included in the sale free and clear of all liens. A list of major items is included in the Full Profile on this company.

Also included in the price will be a net working capital figure, Net Working Capital:

Accounts Receivable	$ 654,215
Accounts Payable	(463,734)
Net Working Capital	$ 190,481

At closing, should the net working capital figure differ from the agreed upon amount there will be a corresponding adjustment in the purchase price. Cash in the bank is specifically excluded from this sale and will be retained by the seller.

INFORMATION SUMMARY

• Location: Chicago Metropolitan area
• Established:1952; same family since 1963; current owner since 1984
• Ownership:C-Corporation
• Facilities:1,200 sq. ft. office/1,900 sq. ft. warehouse
• Rent:$6,000 per month, plus property taxes.
• Days and Hours:Monday-Friday 8am-4:30pm
• Employees:19; all electricians are union
• Reason for Sale:Seller has other interests. Wants to relocate after transition period with purchaser.
• Training:As needed, to be negotiated

MARKETING AGENT

Premier Business Group, Ltd.
1130 Lake Cook Road, Suite 210,
Buffalo Grove, IL 60089
847/465-9000

This information is provided for discussion purposes only. No representation is made by Broker as to the accuracy of the information provided or any other information supplied. Broker encourages the Prospect to thoroughly review and independently verify to his own satisfaction that the information provided is substantially representative of the business activity.

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