Commercial & Residential Electrical Business

Not Disclosed, WA
King County

Asking Price: Annual Revenue:
$1,250,000 $2,650,000

Services: Construction, Contractors

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RE: Commercial & Residential Electrical Business Broker: Mike Luitgaarden
Owner Financing is Available!
The seller will finance 50% of the business sale transaction for a qualified buyer.

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $2,650,000
Net Profit: Not Disclosed
Cash Flow: $500,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 290535781
Broker Reference #: E2020

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Business Overview:

This successful electrical service business has been a mainstay in the Puget Sound electrical industry for decades. The company has an excellent diverse mix of work which is split nicely between residential & commercial projects and it is not exposed to the cyclical tendencies of the new construction market. A majority of their work is geared towards the end user whether it is commercial or residential project and the company completes over 1,000 service-oriented jobs annually. In addition, the company does a large portion of work within the insurance industry which makes for a very diversified revenue / client base. An acquirer is not required to have specific electrical knowledge as the company has an efficient operational structure and any licensing requirements are contained in the company’s employee base other than ownership. The business is ripe for continued expansion from its current foundation as all work is generated from incoming inquiries with no proactive marketing effort being done. The largest client only makes up approximately 12% of revenue and the remainder of revenue is spread over a large base. This is a tremendous opportunity to continue and grow a longstanding legacy that will transition efficiently to an acquirer. The sale is retirement motivated.

The staff of the business consists of 17 employees with many being long tenured and includes a general manager, estimators, and electricians. The owner currently works in an executive management capacity with a primary focus on financial oversight. Ownership is flexible relating to the terms of post transaction transition training & consulting and desires to facilitate a seamless transition for his customers & employees.

The lead business broker for this company at IBA is Mike Luitgaarden. Please contact Mr. Luitgaarden. Please use email reply button of this ad to contact us.

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Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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