Active
Electrical Contractor
Opportunity to take over a highly profitable Electrical Contractor business that comes complete with 9 field guys, 6 trucks and all equipment necessary to serve residential and commercial customers in the area. About 25-30% of revenue comes from commercial jobs.
Owner stays informed, but has reduced his involvement in the day to day operation over the past few years. Field manager has been with the company for many years and the team collaborates as needed for job quotes and problem resolution.
Company success is tied to their reputation and quality of work, not the owner’s relationships.
Listed By: Omar Kettani
Owner stays informed, but has reduced his involvement in the day to day operation over the past few years. Field manager has been with the company for many years and the team collaborates as needed for job quotes and problem resolution.
Company success is tied to their reputation and quality of work, not the owner’s relationships.
Listed By: Omar Kettani
Background information
Reference:
etertre
Year established:
2004
Reason selling:
Retirement
Finance
Sales:
$1,340,000
EBITDA:
$368,000
Operations
Employees:
13
Equipment:
Included in asking price $120,000
Inventory:
Included in asking price
Premises
Facility:
Home Based
Location:
Morehead City, NC
Opportunities
Growth:
Fast growing area, revenue growth achievable with a larger crew.
Price and terms
Price:
$1,080,000
Financing:
Some seller financing may be available to qualified buyer, subject to overall terms
Training:
The seller is available to train the new owner as required. Three months is a normal duration for training during which the seller slowly transitions out.