Electrical Contractor: Commercial & Residential, MOTIVATED SELLER

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Asking Price:
$1,390,000

Gross Revenue:
$6,000,000
Cash Flow:
$670,000
EBITDA:
$520,000
Inventory:
$2,000
included in asking price

FF&E:
$160,000
included in asking price

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Business Description

Full service electrical subcontractor specializing in high-end residential remodels and private commercial jobs (wineries, banks, government, retail) as well as automation and green solutions. 2019 ON TRACK FOR $6M REVENUE AND $675k SDE with over $7M signed Work in Progress, and new bids coming in for 2020, this highly streamlined operation has a strong track record of delivering superior craftsmanship and exceptional customer service.

A competent and motivated workforce includes California State Certified Journeymen, a cross-trained, strong management team and a culture focused on the highest standards of professionalism. The owner is very motivated to sell so he can focus on his other 2 businesses.

About the Business

Location:
Sonoma County, California
Number of Employees:
34
Real Estate:
Leased
Building Sq. Ft.:
2,000
Rent:
$4,600.00 Per Month
Facilities:
Nice office and shop centrally located. Could eventually be relocated
Market Outlook/
Competition:
The Company’s strong reputation, complex project expertise and an elite certification for lighting & energy control, sets it apart and enables the firm to operate on a referral only basis and win >40% of bids.
Growth & Expansion:
By leveraging its documented processes and Bay Area demand, this operation is highly scalable and on track for 15-20% growth, year over year. Other opportunities include the addition of a service department for both commercial and residential as well as organic geographic expansion.
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About the Sale

Reason For Selling:
Motivated to focus on other Business Opportunities
Training/Support:
Seeking industry firm, or individual with electrical and/or construction expertise to carry on the excellent reputation and continue servicing clients. Owner is motivated and willing to stay on in the capacity needed post-close, including as an RME (although another candidate exists on staff) or in a consultative role to ensure a smooth transition.
Seller Financing:
SBA available & some seller financing for qualified buyer

Listing Info

ID:
1632555
Ad Detail Views:
0

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Business Listed by

Amy Cole Cole, M&AMI, MBA, CBI, CBB

ABI Business Sales - Mergers & Acquisitions
License# 01100230

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