Electrical Contractor, Turn-Key, Highly Profitable

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Highly Profitable Electrical Contracting Business
Asking Price:
$590,000

Gross Revenue:
$1,205,000
Cash Flow:
$364,747
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$163,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Founded in 2002, this well-established Electrical Contractor provides fully licensed and bonded electrical contracting and subcontracting services ranging from small residential repairs to large commercial project installations.

- Turn-key, highly profitable operation, skilled employees, well maintained
equipment.
- Work Backlog at $544,500,
- Sales tracking to exceed $1,400,000 for 2018 with Earnings at $472,128 in 2018
- Long term client base and established relationships with local government and
businesses
- Deep expertise, stellar reputation

About the Business

Year Established:
2002
Number of Employees:
7
Relocatable:
Yes
Home Based:
Yes
Facilities:
The main office is in the Seller's home
Website:
www.crossnw.com
Market Outlook/
Competition:
The Electricians industry, one of the largest subcontracting industries in the United States and has been increasing due to an acceleration in downstream construction markets. In King County 2018 growth looks higher to achieve second longest expansion on record with new construction continuing to grow. 2019 and 2020 also loom to continue growth.
Growth & Expansion:
The business is in growth mode in 2018 with a backlog as of May of $544,500, the company is easily tracking to exceed $1,200,000 in sales on a $472,000 adjusted earnings for 2018. The Sellers see even more growth opportunities in the Residential market.
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About the Sale

Reason For Selling:
Owner is retiring to work as a missionary
Training/Support:
The owner will stay on after the sale to assist the transfer of the knowledge and skills. The seller will also document processes to assure the highest quality and performance.
Seller Financing:
Seller will take it into consideration

Listing Info

ID:
1514199
Ad Detail Views:
1394

Attached Files Attachment Disclaimer

  Client Overview_4040 (256 KB)
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Business Listed by

Andrew Cross

Cross Northwest Inc.

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Certifications:
U.S. Census Data for King and Kitsap Counties, WA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for King and Kitsap Counties, WA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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