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NEW

Retirement - Electrical Contracting Business

Revenue:

$3,300,000

Ref #:

4508

Location:

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 three years has been around $643K. Average revenues over past three years has been around $3.7M

- Revenue and Discretionary earnings in Y/E Nov 2021 were $3.3M and 618K respectively

- Business has a booked backlog of work of approximately $1.6M as of July 2022

- Business primarily provides electrical services in the industrial, telecommunication and commercial space and has become a market leader in its niche market like data centres, automation, industrial controls 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 100% of revenue is generated via repeat service work

- Business has a unionized staff of 10 FT employees besides 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