Established over 30 years ago, the Company is a profitable, well-established commercial and industrial electrical contracting business for sale specializing in private negotiated design/build, installation and service work for well-established customers.
- The owners are happy to support and train a buyer for a reasonable transition period. One owner is willing to remain with the business for a number of years if desired.
Financial Summary:
2013 Revenue: $1,296,418
2013 GP: $375,495 (29%)
2013 SDE: $315,127 (24%)
Investment Highlights:
- The Company specializes in design/build commercial and industrial work for well-established customers.
The company is the only design/build commercial electrical contractor in the area. The only major competitor retired and liquidated in 2013. 95%+ of the Company’s work is privately negotiated work from an established and long-standing group of customers. The Company employs five (5) journeyman master electricians and one (1) apprentice. Most have been with the Company more than five (5) years. The Company’s project pipeline is already filled in into April 2014 and the owners are very bullish on the rest of 2014 and beyond due to increased call and quoting volume.
Growth Opportunities:
Growth opportunities are abundant and largely have not been executed on based on the present owners’ comfort level with existing levels of business and desire to slowly scale back. A number of opportunities exist to grow the company including: service of automated machinery (CNC repair, PLC repair), LED Lighting, Solar Energy installation, Security and Alarm Systems installation and monitoring, pursuit of bid projects and residential work. Additionally the company has never invested in a website, Internet marketing or much advertising in general.
Interested parties must sign a non-disclosure agreement and demonstrate proof of financial capability before receiving additional information. Inquire today about this great electrical contracting business for sale in Michigan!
Max Friar
616-439-1456
[email protected]
LinkedIn Profile
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