Listed by DQ
$850,000
Glen Lake Electric
Details
APN 10-07-009-027-01
Property Type Business for Sale
Sub Type Business and Building
Square Footage 3,018
Cap Rate 63.18%
NOI $537,047
Occupancy 100%
Price per SqFt $282
Broker Co-Op Yes
Year Built 1970
Buildings 1
Stories 1
Acreage 2.250
Zoning Commercial
Investment Type Owner/User
Ownership Private
Electrical Contractor for Sale | 60.68% CAP | 3,018 SF
Marketing description
The business was started in 1970 and serves Leelanau, Benzie, Grand Traverse, Wexford and Manistee Counties. The business has approximately 800 generator service contracts, 100 new generator installs and 350 electrical customers annually. The business currently has 7 full time employees and 2 part time. Most employees have been working here for 8 to 16 years. Included with the sale is the business entity, 3,018' building w/offices, land, equipment, supplies, tools and vehicles. A detailed list of items that go with the sale and financials will be provided with a signed NDA. The generator inventory does not go with the sale but can be purchased separately.
Listing Contacts
Listed by DQ
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$537,047.00
$44,753.92/mo
Valuation Metrics
0
DSCR
63.18%
Cap Rate
63.18%
ROI
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