Established Electrical Contractor Business

Not Disclosed, IL


Asking Price: Annual Revenue:
$4,695,000 $3,846,411

Services: Construction, Contractors


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RE: Established Electrical Contractor Business Broker: Brad Dostal

Quick Facts

Asking Price: $4,695,000
Annual Revenue: $3,846,411
Net Profit: Not Disclosed
Cash Flow: $1,146,505
Total Debt: Not Disclosed
FF&E: $634,914
Real Estate: Not Disclosed
Year Established: 1982
Employees: 20
BBN Listing #: 193735915
Broker Reference #: 2947R

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Business Overview:

This established merit-based electrical contractor business for sale in Illinois has been providing quality services to commercial, industrial and residential customers for 40 years. Services include running wiring for construction projects including 208/480 voltage and 5K/12K voltage, lighting installation and repair, energy-efficient upgrades, wiring for commercial, industrial, and residential electrical installation. The business has built a solid reputation due to their top-quality workforce known for their ability to complete jobs in a cost effective and timely manner and has a large amount of work contracted to generate reliable revenue well into 2023.

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Property Features and Assets:

The business is based in an easy-to-access facility with ample parking for customers and support vehicles. The main office/shop is approximately 4,800 square feet and includes a modern, finished office space. There is also an adjacent 2,100 shop and storage building, as well as a 10,000 square feet for storage building/warehouse for indoor vehicle parking. The property is seller owned. A new owner could purchase the real estate or establish a lease with terms to be determined.

Market Competition and Expansion:

Due to their established reputation, the business receives many referrals that keep them busy. As the business has an excellent closing rate on bids they place, Industrial business growth could occur by putting a focus on government contract opportunities. A new revenue stream could occur through adding routine service contracts for residential clients or by adding other home maintenance services. Additionally, with the significant demand for energy efficient/green lighting solutions, the business can leverage its highly trained workforce to take on more of these high margin jobs to increase profitability.

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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