Electrical Construction Business with Real Estate

Not Disclosed, NC


Asking Price: Annual Revenue:
$5,700,000 $8,692,763

Services: Construction, Contractors


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RE: Electrical Construction Business with Real Estate Broker: AJ Ramsey
Owner Financing is Available!
$570,000.00

Quick Facts

Asking Price: $5,700,000
Annual Revenue: $8,692,763
Net Profit: Not Disclosed
Cash Flow: $1,330,558
Total Debt: Not Disclosed
FF&E: $505,000
Real Estate: $300,000
Year Established: 1998
Employees: 71
BBN Listing #: 302958201
Broker Reference #: 13485-130497

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Business Overview:

Very successful, well run, 20+ year-old electrical contractor located in the southeast US focused on commercial, industrial, healthcare and government construction. Services include: Design/Build, Service & Maintenance, Commercial Lighting, Low Voltage Systems, Preventative Maintenance, and Value Engineering. The business comes with associated real estate, equipment, and book of work as the founders wish to retire.

Established in 1998 by two experienced electricians, the company has grown into one of the largest and most capable electrical construction operations in their market with a full-time staff of over 70 trained personnel and more than $10M in 2020 sales.

Due to their size and capabilities, there are limited comparable local competitors. While there are competitors, the business enjoys a good reputation and is effective at successfully competing in the local market. 2020 was a record year and the business outlook for 2021 remains solid with a strong backlog and a number of large private and public sector customers.

Currently, the company is working at full capacity which affords them the opportunity to be selective in new projects undertaken and they are in fact turning down work and not doing any marketing. With modifications in operational capacity, there is an opportunity to increase engagement with existing customers, widen the customer base in existing areas and expand into new areas that are not a current focus for the business.

A competent and experienced management and office team will transfer with the business. Also, the owners are willing to stay on for a period of time after the sale to help facilitate a smooth operational transition and educate the new buyer on the business and local marketplace. In addition to the unlimited NC electrical contractor licenses held by the owners, a senior member of the remaining management team also holds a valid NC electrical license.

2.81 acres; Approximately 15,000 square feet including a metal office/shop building, 4 garages, multiple Conex.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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