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RETIREMENT Electrical Contracting Business 9704

Revenue:

$3,200,000

Ref #:

9704

Location:

Greater Toronto Area

* Profitable electrical contracting business established for nearly 30 years

* Discretionary earnings in year ending Dec, 2020 was 313K, average discretionary earnings over past four years has been around $220K.

* Average revenues over past four years has been above $3.2M

* Business is a market leader in the electrical work in its niche market and is on the preferred vendor list of many institutional facilities in its market segment

* Business benefits from repeat clientele and business relationships developed over many years of business history that leads to ongoing revenues

* Almost 100% of revenue is generated via new construction work

* Business has a unionized staff of 18 FT employees including the owner

* Business owner(s) key role is to oversee operations, manage client relationships and staff

* Owner is of retirement age, hence looking to sell the business but is willing to stay in a consulting capacity to assist with the transition of the business

* Ideal buyer would need to have some experience in the electrical trade industry