16 Year Commercial Electrical Contractor

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Description

Summary Description
Profitable and well-established commercial and industrial electrical contractor. This full service, fully licenced, non-unionized master electrical contractor operates out of a 2,500 sqft location in the Greater Detroit area. They handle all commercial and industrial electrical needs for both new construction & development to renovations.  Everything from electrical design, to ground up new construction, to lighting and power installation, to high voltage, to fiber optics and data cabling, to service among others. This business has built its reputation as an expert in the field and is industry leader, all while building an impressive customer list from large retails, to developers to municipal & public works, to small to large industrial facilities. The company boasts a safety culture with strong Managers and tenured electrical professionals.  Owner has a solid relationship with many suppliers and general contractors.  He is willing to say on during a transition period to ensure the success of the business.  

This is an excellent opportunity to purchase a profitable, turn-key business and long-term customers and high growth potential.   

General Information
Year Established: 2004
Employees: 16
Facilities: The Company operates from a 2,500 sq.ft. facility situated in a municipal industrial park.  Building has office space, grade level overhead door, ample paved parking for equipment and vehicles.  Located near freeways and easily accessed.  The building is in very good condition.

Market Outlook
Competition: The company has name recognition and reputation in a business where repeat clients are huge.  They are often the lowest cost electrical contractor in the area with extensive industrial and commercial experience. Plus, they have longstanding relationships with area developers and inspectors.  


Growth and Expansion:
The business could be grown by expanding outside the immediate county they do most of their work and use their industrial experience to grow across the State.  A tech savvy buyer could also invest and streamline the work order process to save time, improve efficiencies and minimize errors.

Property Id : 18918
Business Asking Price: $2,500,000
Including: Furniture, Fixtures & Equipment: $100,000
Inventory: $10,000
Gross: $3,900,000
Seller’s Cash Flow: $1,000,000
EBITDA: $825,000

Listing ID: LBBO30
Support/Training: Transitional training available
Financing: Seller will finance for qualified buyers
Reason for Selling: Retirement

William Sivell

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William Sivell