Primary Category:Electrical & Mechanical Businesses for Sale
This electrical contractor company has been serving the Midwest providing residential, commercial, maintenance, excavation, green solutions, and emergency services. With the balance of services and expertise this company provides, they have been able to manage the ebb and flow of the economic conditions very well over the decades. 2023 financials prove it as Total Revenue was $5,942,000 and SDE was $784,000. The quality work, professionalism, and customer service this company has provided over the years has made them stand out from the competition.
The industry trend shows an increase in demand for installation/service for generators and solar which this company is already established in this space. While this industry in general continues to be challenged by skill labor shortages, this company has an outstanding reputation within its leadership, making it a fantastic place to work. The company does not experience the labor problems their peers and competition are experiencing.
The real estate for this business will be leased to the new buyer. The asking price for the business does include A/R (est. $250,000), FF&E (est. $2,250,000), Working Capital ($250,000) and Inventory (est. $144,328). The total assets are $2,894,328. Which means you pay $2,705,672 for the business, which is a 3.45 multiple. Right in line with comparable deals.
They are selling because the owners are ready to retire. This company has been set-up as a turn-key operation ready for a new owner to come into a well-run operation. The owners are willing to train a new buyer for the first 12 weeks, then can provide fee-based consulting on an as-needed basis.
There are many viable growth opportunities for this business including expanding the service area and adding new lead generation channels.
Seller financing is an option. Buyers interested in seller financing will be evaluated on a case-by-case basis.
Please complete our NDA here - https://zfrmz.com/3hlPw4zqQ0kW42K5SRbt and then we can chat about the business further. You can also reach out to [email protected] for more information.
Financial Information
$5,600,000
Asking Price
$784,000
Cash Flow
$5,942,000
Gross Revenue
$250,000
Down Payment
Yes
Financing
Business Location
City:
Serving the Midwest
State:Confidential
Financing Comments
Seller financing will be determined on a case-by-case basis.
Reason for Sale
Retirement
Detailed information
Year Established:
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 30
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: Yes
Inventory Value:
$144,328
Monthly Rent:
N/A
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
N/A
FF&E Included?: Yes
FF&E Value: $2,250,000
Training/Support
12 weeks at 10 hours per week.
Market Outlook/Competition
Estimates revenue to increase for the overall industry at an annualized rate of 2.2% over the next 5 years which is an increase over 2022. For 2023, this company is estimating revenues to exceed $5M.
Real Estate Description
The real estate is available to lease or purchase.
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