Description

Business Type Electrical Contracting Commercial
Price $1,457,500
Revenue Call for details
Cash Flow Call for details
Years in Business 30 + years
Inventory Plus $300,000
Type of Sale Share

Description:

55% of the business is for sale (at the current price offered). The owner will be a key member of the team and MUST HAVE experience in estimating jobs of $5 million plus. Key members of the team will be minority partners.

These certified professionals at this Electrical company provide a vast array of energy and cost-efficient electrical services including Industrial, High-Rise (office and residential), Data and Communications, Commercial, Recreational, and Residential (single and multi-family) applications.

Approximately 90% of the company revenue is generated from commercial customers with the remaining 10% from residential customers.

Established for more then 30 years, the company employ 35-40 electricians and 4 office staff. Land and Building can be purchased as well.

10 year EBITA average of $950,000 plus

Serious inquiries only please, all buyers must demonstrate relevant experience and proof of financial ability to purchase prior to release of information. A signed Non-Disclosure Agreement will be required for all inquiries.

Facilities: Operated out of a 9,500 sq. foot facility. New owner can purchase the land and building or sign into a new lease.

Growth/Expansion: A very strong market presence with solid reputation in the industry and ample opportunities for further expansion. Excellent employee base and management in place. Sales exceeded $8MM for current year.
The owner is at retirement age and would look to find a good buyer for his business. The company has a strong management team and a proper transition of up to a year will be provided. Land and Building can be purchased as well.

Reason Selling: The owner is looking to exit the company for retirement purposes.

Posted Sep 26, 2016

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