Should I Sell my Electrical Contracting Business?
If you are like most of our clients, you have worked for many years to build up a profitable electrical contracting company, and now you are considering how to sell it. Electrical Contracting businesses vary quite a bit. Some are focused on commercial customers and some on residential customers. There are union shops and non-union shops. Some focus primarily on new construction and some focus more on remodeling and repair work. Your company many do underground wiring or wiring within a building. Whatever type of electrical contractor business that you own, when it comes time to sell, you want to maximize the sale price, keep the sale confidential, and find the right buyer to take over.
Synergy Business Brokers can sell your Electrical Contracting Business
We have over 16 years in selling contracting companies and can provide you with a confidential consultation to walk you through the sale process. We'll ask you about what your company specializes in and collaborate with you on how to position it to find the right buyers. We don't charge an upfront fee so we are selective in taking on businesses that we think we can sell. We focus on selling companies that have an annual net income of $200,000 to $5Million, so hopefully, your business falls within that range.
How much can I sell my Electrical contracting business for?
We'll review your financial information and provide you with a potential selling price. After all, you want to maximize your amount, but you need to be within an asking price range that buyers consider reasonable. We have years of valuing business and take into account many factors.
Who are the buyers for Electrical Contractors?
The electrical contracting industry is a $160 Billion industry. There are 70,000 electrical contracting firms just within the US. Some of your potential buyers will come from within the electrical contracting industry.
However, there are many other types of firms within the construction industry that are interested in acquiring electrical contractors. These firms may already be doing some electrical contracting but want to expand their electrical contracting business. Some potential buyers may not be currently doing electrical contracting and want to get into this aspect of the business. They may subcontract electrical work, and this is an excellent opportunity for them to bring that work in house. Also, a company within the construction industry can cross-sell its customer base with your customer base bringing out synergies and providing more expertise to the combined customer base of the two firms.
Also, the right buyer might be a private equity group that purchases companies within the construction industry. The idea is to get as many qualified buyers as possible to maximize the selling price of your electrical business.
Confidential Marketing Campaign
We have a database of over 25,000 potential buyers. We provide a comprehensive marketing campaign that will also keep the sale of your business confidential. We won't give the details about your company until a qualified buyer signs a confidentiality agreement. We have over 16 years of experience in Construction Mergers & Acquisitions. We understand who is most likely to buy and who are the tire kickers. We'll weed out the ones that aren't serious so you only spend your time on those that are most likely to close on the sale of your electrician business.
To speak to us about how we can sell your electrical business, please let us know. Our commission is based on how much we get for you, so our goals are aligned with yours. To find out more, contact us for a private consultation at 888-750-5950 or fill out and submit our simple online form.