Take advantage of this thriving electrical contracting business that caters to the dynamic residential, commercial, and light industrial industries. From electrifying remodels and new constructions to swimming pools and hot tub wiring, executing service upgrades, and providing expert electric repairs, this business is well-equipped to meet comprehensive electrical needs for a variety of customers.
Established in 1994 by the hands-on owner, this company has flourished with the owner’s relentless commitment. Presently, ownership dedicates approximately 50 hours a week to overseeing daily operations in the field, promptly responding to customer inquiries, and ensuring a steady flow of business. The owner is eager to facilitate a smooth transition and is willing to provide support for an agreed period of time.
The Company has built up a strong reputation for itself and has become a distinguished player in the market by providing consistent, high-quality workmanship at a fair price. The Company operates out of a facility owned within the same entity that is estimated to be worth $175,000.
Financial Information
December 31, 2022 Revenue: $762,338
December 31, 2022 Cash Flow: $302,888 (SDE)
December 31, 2022 Inventory:Â $76,231
Estimated Fair Market Value of Equipment: $140,668
Estimated Real Estate Value: $175,000
Additional Information
Number of Employees:Â 5 (Including Ownership)
Year Established: 1994
Facilities: The Company operates out of a 2,100 square foot facility. The facility was originally constructed in 1946 and underwent remodeling after the Company purchased the building in 2014. The front half of the building features two offices, one break room, one indoor shop and storage area, and a mechanical room with a large utility sink. The back half of the building includes two truck bays, a large work bench area, and storage space for electrical inventory and tools.
Support/Training: Ownership is willing to provide customary and reasonable transition assistance following the completion of a transaction.
Reasons for Selling: The Owner would like to pursue retirement.
Investment Highlights
(1) Located in a Growing Area
(2) Expanding Customer List with Many Repeat Customers
(3) Relationships with Local Tradespeople for Referrals
(4) Strong Backlog of Jobs
Growth Opportunities
(1) Hire Additional Electricians
(2) Increase Serviceable Locations
(3) Bolster Generator Service Segment
(4) Target Electric Vehicle Charging Station Opportunities
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Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact [email protected] with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few questions related to their background and interests. Enquire today about this Established Electrical Contracting Business for sale!
