Business Overview:
This well-run electrical contracting company has been in business over three decades and provides a wide range of services from small jobs such as replacing outlets and switches to full-scale planning and installation for large, new retail centers. It has bonding capacity in the $5M to $7M range. All projects are professionally managed by seasoned Project Managers who lead teams of qualified and trained electrical mechanics.
Experienced warehouse staff, purchasing agents, and manpower/asset dispatchers are in support of planning every project. This company has the talent to provide a quick analysis of the required service by highly qualified mechanics or division managers. Well-stocked, reliable service vehicles with modern tools and an extensive supply of parts will solve the issue at hand.
A signed NDA, Buyer Financials and Identification are required. Revenues and cash flow numbers above are owner projections for 2020. The owner has full records and will share as needed and under due diligence in full. However, this is a highly confidential listing. Price to be negotiated and has been omitted intentionally.
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Property Features and Assets:
Full 12,000 square feet facility for planning, design, permitting, storage, meetings, etc. Complete yard. The land is leased with the first right of refusal option.
Market Competition and Expansion:
Associated Builders and Contractors reported in October 2019 “nearly 63% of contractors expect sales to rise over the coming six months. More than half expect larger profit margins while about three in five contractors expect to expand staffing levels.”
Reason for Selling:
Retirement
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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