Electrical Contracting Business For Sale in Toronto
Greater Toronto Area
- Very profitable electrical contracting business established for nearly 20 years
- Company has a multi-year track record of profitability, average owner(s) discretionary earnings over past four years (incl. 2023 projection) is approximately $460K.
- Average revenues over past four years (incl. 2023 projection) is approximately $3.3M
- Business has a booked backlog of work of approximately $2M as of December 2022
- Business had a downturn in 2022 due to COVID, however business is back on track in 2023 and projected to make $550k in owner(s) discretionary earnings and $3.9M in revenue as per the Seller
- Business primarily provides electrical services in the commercial, industrial and telecommunication space and has become a market leader in its niche market of data centres, automation, industrial controls etc.
- Benefits from repeat clientele and business relationships developed over many years in business that leads to ongoing revenues
- Business is on the preferred vendor list for many clients, almost 100% of revenue is generated via repeat service work
- Business has a unionized staff of 10 FT employees not including the two business owners and one office clerk
- Both owner(s) key role is project management, estimating, overseeing operations, manage client relationships and staff. They are close to retirement age, hence looking to sell the business but are willing to stay in a consulting capacity to assist with the transition of the business