Profitable, Electrical Industrial Contractor

Not Disclosed, TX

Asking Price: Annual Revenue:
$2,599,999 $2,999,999

Services: Construction, Contractors

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RE: Profitable, Electrical Industrial Contractor Broker: Thomas Foster

Quick Facts

Asking Price: $2,599,999
Annual Revenue: $2,999,999
Net Profit: Not Disclosed
Cash Flow: $3,061,258
Total Debt: Not Disclosed
FF&E: $767,473
Real Estate: $400,000
Year Established: 1997
Employees: 20
BBN Listing #: 32704955
Broker Reference #: 6001-15133

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Business Overview:

Located in East Texas, this electrical contracting company has been in business for over 20 years, serving the commercial, industrial and residential markets. Their focus is on industrial and commercial electrical contracting. They have built very impressive, long standing client relationships during this time through quality, professional services with safety as their top priority. Their array of services include, repairs, upgrades, expansion and installation on all electrical disciplines with all voltage levels up to and including 15KV. Their customers include municipal facilities, commercial facilities (Educational Facilities, Shopping Centers, Retail Outlets), Lumber Mills, Power Plants and manufacturing facilities.

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Property Features and Assets:

The Business owns the building and land where the business is located. The building is 4,800 square feet and the land is .964 of an acreage. The real estate can also be a lease option or relocated. Assets=$1,177,642.

Market Competition and Expansion:

They spend very little on external marketing, preferring to rely on referrals and their long standing customer base to drive annual revenues. They currently turn down work due to labor constraints, so the market for small to mid size commercial, industrial work, continues to be very strong. The size of work this company focuses on is competitive, but due to the long standing customer relationships, the company has developed a strong niche in the midsize to smaller commercial industrial jobs. The owner has not bid on larger work, where the competition is against larger firms with more employees/crews. A new owner can inject more working capital to expand the electricians, vehicles and equipment to handle the work being turned down due to labor constraints. Funding an expanded external advertising program will find new customers. Per the current owner, revenue can grow to $5-$6 million with these actions.

Reason for Selling:

Owners want to retire.

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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