Seller's Contact Information
- RE: Residential Electrical Company - Merger Candidate
- Contact: Oliver Kotelnikov
Quick Facts
Asking Price: | $725,000 | |
Annual Revenue: | $3,000,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $340,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 973135781 | |
Broker Reference #: | ESC2022 |
Business Overview:
This business is a highly reputable multi-decade electrical contractor serving Snohomish, Skagit, Whatcom, and Island Counties. The company offers a traditional spectrum of grid based residential and commercial electrical services including design & build, panel modifications, lighting, remodels, and new construction as well as sustainable energy solutions, solar upgrades, and back up power alternatives. The focus on sales, service and installation of auxiliary generators has been a substantial catalyst for growth in 2020 and 2021. The company is the preferred regional provider for reliable standby power solutions and holds a dominant market share of the generator business in a large rural geographical area susceptible to frequent power outages. Certified as an essential business by the State of Washington, the contractor is the premier level dealer for industry’s leading manufacturers of back up power equipment Generac and Kohler. The company has demonstrated consistent year over year growth. Revenues in 2021 exceeded 2020 receipts by a margin of 25% continuing the trend with year-to-date sales in 2022. The business is experiencing unprecedented demand for its services and is primed for growth. Tapping into the existing regular customer base of 500 accounts and optimizing new client engagement to increase the sales of extended warranties and preventative maintenance contracts on installed equipment is an immediate opportunity to rapidly scale the business.
The business maintains a superior A rating with the Better Business Bureau and remains a long-standing member of numerous local and national trade organizations. Ordinary course of business is supported by a tenured team of approximately 8 individuals including appropriately licensed apprentice, journeyman, and master electricians as well as office and administrative support staff. Ownership contributes approximately two full time equivalents to the labor of the business in supervisory and administrative capacities. Facility requirements consist of 5000 square feet of warehouse and storage space plus an additional 500-1000 square feet of office area. Existing occupancy arrangements are not transferrable. The purchaser will need to secure a new commercial facility to support operations.
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Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
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