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NEW

Electrical Contracting Business in Ottawa

Revenue:

$5,019,000

Ref #:

6987

Location:

Ottawa

- Very profitable electrical contracting business established for 25 years

- Revenue and Discretionary earnings in Y/E Apr 2022 were $5.04M and $992K respectively

- Revenue and Discretionary earnings in Y/E Apr 2021 were $4.04M and $1.18M respectively

- Business has a booked backlog of work of approximately $9.5M as of September 2022

- Business primarily focuses on commercial and industrial work and provides services like solar system, new construction electricals, fire alarm systems, design build, restorations and maintenance etc.

- Benefits from repeat clientele and business relationships developed over many years of business history that leads to ongoing revenues

- Business is on the preferred vendor list for many clients, almost 75% of revenue is generated via new construction projects, 15% via commercial renovations and 10% of revenue is generated via repeat service work

- Business has a core staff of 26 FT unionized employees and business has a flexibility to increase or decrease staff as needed

- Owners and their two children work in the business; their key role is to oversee operations, project management, estimating, manage client relationships and staff. Owners 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