Electrical Contractor, Turnkey, Highly Profitable

Seattle, WA
King County


Asking Price: Annual Revenue:
$705,000 $959,533

Services: Construction, Contractors


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RE: Electrical Contractor, Turnkey, Highly Profitable Broker: Andrew Cross
Owner Financing is Available!
Will be considered.

Quick Facts

Asking Price: $705,000
Annual Revenue: $959,533
Net Profit: $339,920
Cash Flow: $339,920
Total Debt: Not Disclosed
FF&E: $163,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 7
BBN Listing #: 256941311
Broker Reference #: 4040

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Business Overview:

Founded in 2002, this well-established Electrical Contractor provides fully licensed and bonded electrical contracting and subcontracting services ranging from small residential repairs to large commercial project installations.

- Turn-key, highly profitable operation, skilled employees, well maintained equipment.
- Work Backlog at $544,500,
- Sales tracking to exceed $1,400,000 for 2018 with Earnings at $472,128 in 2018
- Long term client base and established relationships with local government and businesses
- Deep expertise, stellar reputation.

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Property Features and Assets:

The business is in growth mode in 2018 with a backlog as of May of $544,500, the company is projecting to exceed $1,400,000 in sales on a $472,000 adjusted earnings for 2018. The Sellers see even more growth opportunities in the Residential market.

Market Competition and Expansion:

The Electricians industry, one of the largest subcontracting industries in the United States and has been increasing due to an acceleration in downstream construction markets. In King County 2018 growth looks higher to achieve second longest expansion on record with new construction continuing to grow. 2019 and 2020 also loom to continue growth.

Reason for Selling:

Owner is retiring to work as a missionary.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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