This unique electrical contracting business, along with some general electrical work, operates primarily in niche markets, serving both the municipal water and cell phone industries. Owner management has extensive background and experience not only as a sub-contractor to the general contractors of these industries, but also with relationships and vendor account numbers, as a primary direct supplier to major corporations and municipalities in both markets. The focus, of marketing this acquisition, is targeted mainly to large electrical contracting businesses, with the financial resources to facilitate taking advantage of future opportunities for growth in the current industries served. Discretionary Earnings reflect owner management remaining with the business, in a management capacity, at a market rate compensation package.
Sales Revenue for 2015 has exceeded 2014 by +37%-! Gross Profit dollars are up +7% over 2014. Contracts awarded for 2017, are already in excess of $ +2.3MM. The value of US private and public building construction, a major indicator for electrical contracting, is forecast to grow at an annual compounded rate of 8.0% between 2016 and 2020. Data Published: February 2016
Hoover’s First Research reported the following for the Water & Sewer Utilities industry: Critical Issues: Deteriorating Infrastructure – The EPA estimates that over the next 20 years, storage tanks, and other water supply infrastructure will need updating and/or replacement. According to the American Society of Civil Engineers, most of the water infrastructure in the US is designed to last 60 to 80 years, and much of it is nearing or has passed that lifespan. Data Published: February 2016
The Busniess is Pre-Approved for an SBA Loan!
Asking Price $749,000
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