Business For Sale

Electrical Contractor w/ 4M in Upcoming Work

Not Disclosed, PA


Asking Price: Annual Revenue:
$1,063,000 $3,463,515

Services: Utilities: Electric, Gas, Water, Sanitary


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RE: Electrical Contractor w/ 4M in Upcoming Work Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,063,000 15% Buyer Down Payment: $159,450 10% Seller Financing: $106,300 75% Bank Loan: $797,250 A bank loan would be fully collateralized by assets.

Quick Facts

Asking Price: $1,063,000
Annual Revenue: $3,463,515
Net Profit: Not Disclosed
Cash Flow: $273,992
Total Debt: Not Disclosed
FF&E: $164,875
Real Estate: Not Disclosed
Year Established: 40+ years in business
Employees: 30
BBN Listing #: 59834398
Broker Reference #: SER043

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Business Overview:

Location in western PA, location not disclosed.

For over 40 years in western Pennsylvania, this electrical contractor has been servicing the area’s commercial and industrial businesses with new construction projects, design build engineer services and more. On staff are 30 full-time employees. The business has distinguished itself with on time and on budget completions, and has developed an outstanding apprentice program.

Offices and a warehouse are housed in a 15,000-square feet facility with a loading dock and overhead doors.

Electrical services include electrical construction, design build services, electrical maintenance and more. Over half of revenue comes from construction jobs, with other services sharing the remaining mix. Please note that the in-house Engineer is qualified to obtain a Master Electrician’s license.

The company maintains steady work in the area, but growth opportunities are possible outside the existing 50-mile radius typically covered in the past. These include construction project opportunities in Pennsylvania, Ohio and New York, if current licensing is updated. As a long-standing Associated Builders & Contractors member, additional construction sales are available.

This business has 4M in upcoming work for 2018!

Years in Business: Over 40
Location: Western PA
Service Area: Pennsylvania, Ohio, New York
Clients: 100’s on a continual basis
Services: Electrical construction (new & remodel), design build services, electrical maintenance, and energy
Building: 15,000 square feet.
Reason for Selling: Retirement
Employees: 30
Seller Training Period: Seller will transition while Electrical Engineer obtains Master’s license
Growth Opportunities: Electrical construction beyond a 50-mile radius. Development of current experience in special systems and services contracts.
Current Owner’s Responsibilities: Sales & employee management. Seller is not an Electrical Engineer.

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Property Features and Assets:

Assets Included in Purchase: $1,021,212 Equipment: $164,875 – trailers, scissors lifts, ladders, scaffolding, drill units and more Vehicles: $62,500 – 9 Chevy Cargo Vans, 1 Ford Transit Inventory: $126,635 A/R: $579,326 Retainage Receivables: $87,876 Upcoming: 4M in upcoming work.

Market Competition and Expansion:

Growth Opportunities: Electrical construction beyond a 50-mile radius. Development of current experience in special systems and services contracts.

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.

Documents:

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