Profitable and Established Electrical Contractor

Not Disclosed, OK

Not Disclosed.

Asking Price: Annual Revenue:
$925,000 $655,818

Services: Construction, Contractors

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RE: Profitable and Established Electrical Contractor Broker: Geary Welch
Owner Financing is Available!
$832,500 down/$92,500 for 36 mos. @ 7%.

Quick Facts

Asking Price: $925,000
Annual Revenue: $655,818
Net Profit: Not Disclosed
Cash Flow: $227,193
Total Debt: Not Disclosed
FF&E: $368,798
Real Estate: Not Disclosed
Year Established: 1994
Employees: 6
BBN Listing #: 4004955
Broker Reference #: 6501-14763

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Business Overview:

This long established, fully-licensed and profitable electrical contractor serving the Metro OKC area is well-known and highly regarded for exceptional customer service. This is a fantastic opportunity to acquire an established and profitable full-service industrial, commercial and residential electrical contracting business which, for the past 20 plus years, has been serving the greater metro areas of OKC. Established in 1994, this fully-licensed master electrical contractor operates out of a 2,000 square foot location in the OKC Metro and handles all commercial electrical needs for both new construction and renovations. This business has built its reputation as an expert in the field and industry leader, all while building an impressive customer list, from retailers, schools, public institutions, residential and many more. To ensure a successful hand-off to the Buyer, the Seller is available to remain on and actively involved in the business operations for an extended period to transfer his knowledge and industry relationships. The sale includes all equipment as well as several vehicles and trucks used for its projects. This well established and consistently profitable business is a full service electrical contractor providing professional services to commercial, residential, and industrial customers. The owners are mostly hands on with a manager on staff running operations. There are 6 employees including ownership.

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Property Features and Assets:

Over the past several years, the owner has made a conscious decision to instill well-defined systems and processes to help increase the efficiency of the business. The business runs as a turnkey operation and the owner is in the field daily mostly as an overseer and focuses on long term strategic goals as well as quality control. The Real Estate includes a 2000 square foot building and is available as well and is offered separately from the business price for $250,000.00. Total Assets Included: $369,793

Market Competition and Expansion:

This is a Turnkey Operation with a great opportunity to grow with the right owner. The profit margin has improved as well and is currently over 25%. The company is at capacity and is turning jobs away. Electrical contractors worldwide depend on construction activity as well as demand for renovation. The global volume of construction is forecast to grow by 85% to $15.5 trillion by 2030, according to a report by Global Construction Perspectives and Oxford Economics. Instead of committing a lot of financial resources to advertising the current owner has chosen to count on his loyal repeat customers by providing excellent customer service. Obviously, a new owner could increase marketing and adverting to increase revenue and earnings. This business has a high potential for growth with Industrial and commercial services (80%) and residential services (20%).

Reason for Selling:

The owner wants to retire.

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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