Electrical Contractor Business Seeks New Ownership

Not Disclosed, UT

Southern Utah


Asking Price: Annual Revenue:
$2,750,000 $6,647,026

Services: Construction, Contractors


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RE: Electrical Contractor Business Seeks New Ownership Broker: Shiloh Sorensen

Quick Facts

Asking Price: $2,750,000
Annual Revenue: $6,647,026
Net Profit: Not Disclosed
Cash Flow: $858,972
Total Debt: Not Disclosed
FF&E: $803,057
Real Estate: Not Disclosed
Year Established: 1992
Employees: 35
BBN Listing #: 63884955
Broker Reference #: 7403-17137

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Business Overview:

Opportunity to take over a highly profitable commercial and residential electrical contractor business. This Company is well balance with 60% of the revenue produced via commercial projects and 40% residential. The journeyman electricians at the Company have an average of 13 years of experience in the field with real, provable results.

INVESTMENT APPEAL
-Longstanding Business:
The Company has been around for 30 years! It is highly reputable and is well known in the industry.

-Self Sufficient Operation:
The Company has a robust management structured with highly qualified and reliable personnel. Long tenured managers and employees work independently on job sites around the Utah and surrounding states.

-Strong Client Relationships:
The Company has built an extensive customer list and good industry relationships since its inception. The customer base is loyal, which allows the Company to save marketing costs that competitors must foot, both in acquiring new customers and in obtaining repeat business from existing customers.

-High-Caliber and High-Tenured Staff:
The Company fosters a workplace where it's extremely experienced and talented personnel are able to thrive and grow, and therefore remain long term. Most supervisors have over 12 years of experience with the Company, with many more employees having long tenures within the Company and industry.

-Strong Backlog:
The Company has developed a strong backlog in excess (and growing) of $5,123,115 of projects expected to be completed in the remaining months of 2022.

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Property Features and Assets:

Company works out of a 4,800 square feet office and warehouse on a 1 acre lot. Facility is fenced and gated to securely house trucks, trailers, heavy equipment and employee vehicles. Assets = $903,057

Market Competition and Expansion:

Although there is competition in this industry this Company has a proven 30 year track record. By using top quality materials and providing honest, fair and sustainable bids this Company has developed the reputation as the "go-to" electrical contractor in the area. There exist several opportunities for the Company to significantly increase revenue and profit, including leveraging the Company’s proven reputation to pursue and penetrate new and existing markets. These opportunities are easily attainable given the appropriate investments in capital and human resources.

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.

Relevant Links:

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