Electrical Contractor-Consistent Revenue/Cash Flow

Business Overview:

The seller of this Business is also the founder as well. The Business has been operating for approximately thirty-five years and has shown consistent growth and this year is on track to exceed the revenue of 2023. Although the Business performs the normal services electrical contractors offer, their specialty/niche has been work involving new construction within a sixty-mile radius of their location. The sixty-mile radius has them performing work in the state of Maryland also. They have long-term agreements in place with a minimum of five builders and solid relationships with others also. They estimate ninety percent of their work has been residential new construction and ten percent residential standard electrical service work. However, a new owner would have the flexibility to change the focus of the work performed by the Company.

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Property Features and Assets:

The real estate the Business operates from is owned by the Seller of the Business,and they are open to selling, leasing, or some combination thereof regarding the real estate. The property is a stand-alone building and consists of approximately 2,500 square feet and with ample parking available. In fact,all nine or ten company vehicles are parked at the property at the end of each day.

Assets = $159,000

Market Competition and Expansion:

As a result of the long-term relationships that exist between the company and the builders, competition in most cases doesn’t appear to be a factor. As I mentioned above, the Business is being rewarded with work based on the reliability and quality of work they provide on a routine basis.On the residential service segment of the business, customers are using the Business for their experienced staff, reliability, and quality of their work.They don’t claim to be the least expensive but their reputation is they are fair and reasonable in every aspect of doing business, hence they have been a prominent electrical contractor for 35 years.

The Company has been successful and has shown a manageable level of growth throughout the years with revenue exceeding $3.1 million in 2023 and is on track to exceed that number in 2024. To grow the business, a focus could be put on growing the residential service side of the Business while maintaining the new construction segment. To be more specific, developing a sales/marketing plan to advertise and grow the demand for standard residential electrical service work within their service area. Another area of growth could be entering into the sale and installation of residential generators. Lastly, it would also be possible to expand into some reasonably sized commercial work as well. Regardless of the direction a new buyer may take, the bottom line is there is tremendous room for growth with the desire to do so. 

Reason for Selling:

Additional Details:

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