ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals
ECN Shout Chat
Top Posters(30 Days)
dsk 13
Admin 4
Recent Posts
electircal ageing test on IPC
by SIAME. 08/15/17 02:43 AM
electrical aging test on IPC
by gfretwell. 08/15/17 12:27 AM
Bathroom electrical
by gfretwell. 08/14/17 02:05 AM
"Line level" audio on Cat 5?
by gfretwell. 08/08/17 10:39 PM
Fire alarm phone lines and color coding
by gfretwell. 08/08/17 10:26 PM
New in the Gallery:
Housebilding DIY wiring
Popular Topics(Views)
239,915 Are you busy
175,488 Re: Forum
167,768 Need opinion
Who's Online Now
0 registered members (), 63 guests, and 11 spiders.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate This Thread
#159353 - 12/13/06 08:03 PM Retirement  
Tiger  Offline
Member
Joined: May 2005
Posts: 706
Crystal Lake, IL USA
I received a flier in the mail today about an auction of an electrical contracting business...retirement sale. It's at www.bid-2-buy.com

There is a lot of equipment, mostly old and well used. I'm guessing that the business wasn't profitable enough to be sold as a whole business, so it's being sold for inventory.

Dave


Business, Office, Estimating, Legal:

#159354 - 12/13/06 08:43 PM Re: Retirement  
LK  Offline
Member
Joined: Jan 2003
Posts: 1,429
New Jersey
"I'm guessing that the business wasn't profitable enough to be sold as a whole business"

Common thing for small electrical contracting shops, most likely run like a job for years, great at electrical, but missing out on building something for himself, i have see a good amount of small Plumbing and HVAC business go for six figures plus at retirement, and a larger percent of electrical ones lucky to get a few thousand at auction or yard sale, the good news is, the younger EC's comming up plan better, and operate it like a business.


#159355 - 12/13/06 09:19 PM Re: Retirement  
sparky 134  Offline
Member
Joined: Sep 2004
Posts: 91
Joliet, Il, USA
WAY too much inventory in my opinion.....


#159356 - 12/13/06 09:46 PM Re: Retirement  
Dnkldorf  Offline
Member
Joined: Dec 2004
Posts: 1,064
nowhere usa
Les, you think that is a small firm?

Looks like he was a supplier/retail shop as well as a contractor.

If I had to guess, I'd say some devoloper came in and bought his property to subdivide, and told him to get rid of all the stuff, and the guy is taking the devolopers money and retiring.

But this is just a guess.



Member Spotlight
Joe Tedesco
Joe Tedesco
Boston, Massachusetts USA
Posts: 2,749
Joined: October 2000
Show All Member Profiles 
Featured:

2017 Master Electrician Exam Preparation Combos
2017 NEC Electrician
Exam Prep Combos:
Master / Journeyman

 

Shout Box
Powered by UBB.threads™ PHP Forum Software 7.6.0
Page Time: 0.012s Queries: 14 (0.003s) Memory: 0.7607 MB (Peak: 0.8946 MB) Zlib enabled. Server Time: 2017-08-18 21:52:00 UTC