SOLD! Electrical Contractor Res/Commercial in Twin Cities

Listing Details:

• Price: $790,000 
• Gross Revenue: $1,177,538 
• Sellers Discretionary Earnings: $277,757
• Location: Twin Cities Metro Area 
• Employees: 8 
• Financing: $395,000 
• Support & Training: 4 weeks 

Business Description

This long established and consistently profitable electrical contractor serves the residential and commercial segments with electrical expertise in new construction, remodel, and repair service. It has been consistently, fully staffed with long tenured master and journeyman certified electricians, as well as apprentices. Processes are in place and staff is trained and actively responsible for most sales and project estimating. Historically, they have operated at approximately 100% of capacity. The varied service mix and current job estimating demand suggests continued steady operations at capacity into the foreseeable future. 

History

 Owner has successfully grown the business to a client base of over 3,000. It enjoys a reputation of fair pricing, timely estimations and project completions including inspections, and is known for their integrity and friendly service. The owner is proud of the employee culture, and has developed the business as a great place to work, resulting in extremely low employee turnover.

Growth Potential

With relative ease of attracting sufficient jobs for peak operating capacity, the advertising expenditures and efforts have been relatively low. Most new business has been the result of local networking involvement, owner cold calling, and high referral rates. Additional advertising or additional networking involvement would be expected to generate growth leads if desired by successful buyer.