Profitable Twin Cities Electric Contractor

Not Disclosed, MN
Hennepin County


Asking Price: Annual Revenue:
$200,000 $601,714

Services: Construction, Contractors


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RE: Profitable Twin Cities Electric Contractor Broker: Scott Hislop

Quick Facts

Asking Price: $200,000
Annual Revenue: $601,714
Net Profit: Not Disclosed
Cash Flow: $119,395
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: 7
BBN Listing #: 584650297
Broker Reference #: 17441-993162

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Business Overview:

This electrical contracting business has multiple large, customers with recurring revenue and multi-year projects that reduce the normal seasonal cash flow effects of most new construction electricians. Approximately 70% of revenues are associated with new construction or major renovation projects and 30% for repair work for both commercial and residential customers. An estimated 15% of business occurs after normal 8:00 to 5:00 business hours for emergency repair work.
Detailed master labor scheduling and project management are at the core of their ability to maintain costs for their customers. The master electrician owner is willing to continue working as an independent contractor in project management, permitting, and business development if buyer desires.

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Market Competition and Expansion:

While there are several local competitors, this company is known for its ability to get the job done efficiently, which saves the customers costs in the long run. Most of the new business is derived from social media without a great deal of owner interaction. They are currently booked out approximately 120 days for service work with turning business weekly due to being at 100% labor capacity. The labor force is very stable with 3 out of the 5 electricians being with the company since its inception. High social reviews are the norm. They are currently booked out approximately 120 days for service work with turning business weekly due to being at 100% labor capacity. Additional revenues could be attained with addition of electrical employees or independent contractors without additional advertising budget.

Reason for Selling:

Career change.

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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