Hot Listing
Electrical Company: Stable Revenue with Expansion Opportunities
Business Description
This premier electric company is situated in a unique location of Colorado. (Please take note that the exact location will remain confidential until a non-disclosure agreement is signed and financial capability is verified. An NDA will be delivered by filling out the Contact Form on this site)
The purchase of this business represents a rare opportunity to acquire a market-leading electrical contracting business with established cash flow, blue chip client relationships, and avenues for immediate expansion. Seventy percent of work is performed on new residential construction or from the ground up remodel projects on large square footage homes, 20% on commercial projects, and 10% is for service. In this area of Colorado luxury residential construction dominates the building market with economic factors and cost-to-build having no impact. Little demand for commercial construction exists. Commercial work generally consists of multi-building exterior electrical updates and interior remodels. Service work consists of those homeowners brought on from the initial build or remodel who become part of the small project service department of the company. A dedicated crew within the company handles the small project portfolio of business. With more than twenty general residential contractors in the portfolio, and more wanting access to this business, concentration is not a factor.
The mission of this company is On-Time, Quality Work. This company's reputation has been built on decades of quality workmanship, and long-standing relationships with general contractors in a market that commands premium pricing. The company differentiates itself through proprietary technical expertise competitors cannot replicate, relationships with contractors that eliminate bidding for jobs, and a workforce trained with the highest degree of technical skills in the industry. General contractors choose this company more for its size, history, and technical knowledge than for cost of services.
The VP of the company manages estimating and tech questions and serves as the office manager. The main role of the owners is to recruit and hire employees, step in with technical advice, and share project management with the dedicated project manager. The owner has strategically handed off much of the day to day operations to the key leaders of the company in preparation for transition to new ownership.
Three major components to consider for purchase of this business include Colorado lifestyle, exponential growth opportunities, and exceptional profit margins.
This will be a stock sale. It will include $750,000 in working capital. The sale will require a buyer to have access to 95% cash at closing with a strong balance sheet and knowledge of the industry or direct hire of knowledgeable leadership.
The purchase of this business represents a rare opportunity to acquire a market-leading electrical contracting business with established cash flow, blue chip client relationships, and avenues for immediate expansion. Seventy percent of work is performed on new residential construction or from the ground up remodel projects on large square footage homes, 20% on commercial projects, and 10% is for service. In this area of Colorado luxury residential construction dominates the building market with economic factors and cost-to-build having no impact. Little demand for commercial construction exists. Commercial work generally consists of multi-building exterior electrical updates and interior remodels. Service work consists of those homeowners brought on from the initial build or remodel who become part of the small project service department of the company. A dedicated crew within the company handles the small project portfolio of business. With more than twenty general residential contractors in the portfolio, and more wanting access to this business, concentration is not a factor.
The mission of this company is On-Time, Quality Work. This company's reputation has been built on decades of quality workmanship, and long-standing relationships with general contractors in a market that commands premium pricing. The company differentiates itself through proprietary technical expertise competitors cannot replicate, relationships with contractors that eliminate bidding for jobs, and a workforce trained with the highest degree of technical skills in the industry. General contractors choose this company more for its size, history, and technical knowledge than for cost of services.
The VP of the company manages estimating and tech questions and serves as the office manager. The main role of the owners is to recruit and hire employees, step in with technical advice, and share project management with the dedicated project manager. The owner has strategically handed off much of the day to day operations to the key leaders of the company in preparation for transition to new ownership.
Three major components to consider for purchase of this business include Colorado lifestyle, exponential growth opportunities, and exceptional profit margins.
This will be a stock sale. It will include $750,000 in working capital. The sale will require a buyer to have access to 95% cash at closing with a strong balance sheet and knowledge of the industry or direct hire of knowledgeable leadership.
About the Business
- Years in Operation
- 29
- Employees
- 40 Full-time
- Facilities & Assets
- The State of the art facility was built with the ability for expansion as growth of the company continues. It is owned by the Seller and available for purchase or lease. It has the capacity to roughly double the number of employees and the property is large enough for future expansion.
- Market Outlook / Competition
- Competition is not a factor.
- Opportunities for Growth
- In recent years, the owner of this company made a decision to focus on growth. As a result of these strategic decisions revenues have tripled and the work-force has doubled in the last 5 years. Even with this growth, demand exceeds current capacity to supply services, As well, a multitude of additional highly marketable avenues for expansion of services exist.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 6,000
About the Sale
- Seller Motivation
- The Seller has strategically positioned the company for transition.
- Transition Support
- Seller will remain involved for up to six months post closing. The Sellers will ensure comprehensive on boarding to include involvement in project management, estimating processes, client introduction, and workforce management protocols.
Listing Info
- ID
- 2461262
- Listing Views
- 432
Listing ID: 2461262 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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