Electrical Contractor--$41M in Annual Revenue

Phoenix, AZ
Maricopa County

Asking Price: Annual Revenue:
$21,000,000 $41,463,820

Services: Construction, Contractors

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RE: Electrical Contractor--$41M in Annual Revenue Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $21,000,000 12.5% Buyer Down Payment $2,625,000 12.5% Seller Financing or Equity Roll $2,625,000 75% Bank Loan $15,750,000

Quick Facts

Asking Price: $21,000,000
Annual Revenue: $41,463,820
Net Profit: Not Disclosed
Cash Flow: $4,120,948
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 50+ years
Employees: 400
BBN Listing #: 655334398
Broker Reference #: TRA029

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Business Overview:

Boasting over $4.1M in cash flow and nearly $41.5M in sales in 2020, this electrical contracting company has over 400 full-time W2 employees with five offices throughout the Southwest region! With over $2.3M in working capital, this business is headquartered in Phoenix in an office/warehouse that holds $1M worth of inventory, with 4 other offices in Tucson, Prescott, El Paso, and Albuquerque. Employees include 7 Area Managers, a Warehouse Manager, Controller, Backhoe Operators, a Bidding Department, Admin Officer, a Maintenance Department, and field workers/electricians; one owner is President of the company; the other acts as an advisor/board member. As the populations in the South & Southwest regions are booming, the demand for this company’s services is through the roof, with no end in sight. They currently wire around 200 homes per week, which comes out to about 10k wiring jobs per year. Their client base primarily consists of big builders in Arizona and smaller builders in New Mexico and Texas, with 10 of the big builders accounting for 80% of revenue. Work is secured years into the future, as builders may purchase land and develop it for 500-1,000 homes; those homes may take 7-10 years to be completed.

In addition to a large variety of electrical services, the company also provides backhoe services for trenching used for direct-burial cables. Assets include 5 backhoes, around 350 trucks, and 2 long-haul tractor-trailers. Their inventory is concentrated in the Phoenix warehouse. As jobs are given the go-ahead, the necessary components are packed up and transported to the correct city office, where they are picked up by a field employee and taken to the job site.

Priced at $21,000,000, growth potential is tremendous for a new owner. Builders are frequently requesting this company to work in other cities and states due to a massive influx of new residents. Texas and Arizona combined gained 800,000 residents in 2018-19 while Colorado and Oklahoma gained 350,000. Expanding into these areas undergoing significant population growth would certainly increase revenue for years to come. The solid reputation and strong team are already in place – a new owner could take this company to the next level.

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Property Features and Assets:

Lease: Phoenix location ($6,000/month) includes warehouse to hold $1M worth of inventory; other 4 offices ($2,000 - $3,000/month each)

Market Competition and Expansion:

Growth Opportunities: Expand into other booming cities & states including Colorado and Oklahoma

Reason for Selling:

Approaching 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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