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Growing Electrical Contractor Serving Residential & Commercial Clients

Price: $1,695,000

Annual Revenue: $1,250,000

Net Cash Flow: $595,000

Industry: Construction

Location: Syracuse Area, New York

Long Term Customers and Referral Base

Well established and highly reputable Non-Union Residential/Commercial Electrical Contractor Serving the Central New York Market – Onondaga County. The business has a nice split of about 60% of residential clients and 40% commercial customers. The commercial customers are larger so makeup about 60% of the revenue.

Revenue has been consistent and stable – growing at the owner’s discretion at about 5 to 6% a year. Most of the work is by referral or long-standing relationships. The work is billed at standard rates or negotiated per job. This company does not bid work and has been referring overflow work to friendly competitors – 2020 Estimate is that the Owner has referred over $150,000 of work. The owner has already positioned the majority of the commercial client interface with his lead technicians in anticipation of a sale and smooth transition.

Equipment: 4 work vans; Each equipped with small parts, tools, and ladders. The shop has about $50,000 in good inventory on the shelf.

Listing Details

Training & Support:

The owner will include one month of transition at no charge to facilitate a smooth transition and is open to staying on for a year to ensure continued success.

Location

Facilities Information:

Leased to business – Owner Owned – Available for sale valued at $500,000. Real Estate is not included in the asking price. Real Estate consists of a Main shop and additional Rental Properties. The commercial building consists of 2,400 sqft of the warehouse; 700 sqft of office space. The owner will structure a favorable lease.

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