On Hold

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Retirement Electrical Contracting Business For Sale 2899

Revenue:

$2,200,000

Ref #:

2899

Location:

East GTA

- Profitable electrical contracting business established for over 35 years by the current owner

- Company has a multi-year track record of profitability, average owner(s) discretionary earnings over past four years has been around $400K. Average revenues over past four years has been above $2.2M

- Business is a market leader in electrical service and electrical new construction work in its geographical market and offers a complete set of electrical solutions including installation, service etc.

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

- Almost 30% of revenue is generated via service work and 70% via new construction

- Business is on the preferred vendor list for many school boards, municipalities and commercial property owners

- Business has a non-unionized staff of 9 FT employees excluding the owner

- Business owner(s) key role is to oversee operations, manage client relationship, staff and estimating

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

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