Established, Profitable Electrical Contracting Business

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Profitable Businss to Business Clients
Asking Price:
$995,000

Gross Revenue:
$542,402
Cash Flow:
$362,718
EBITDA:
$377,173
Inventory:
 Not Disclosed
included in asking price

FF&E:
$140,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This Company, in west central West Virginia, focuses on commercial and light industrial customers. For the past six years the Company has been working in the oil and gas industry, servicing several hundred miles of power lines that supply several components of the oil and gas production process. For 2019, new projects include new power lines to compressor stations and Marcellus sites. Once these initial projects are complete, needed electrical projects at the sites will ensue. Additional work, including emergency needs, is prioritized with emphasis on legacy installations. Outside of the oil and gas industry the Company’s client base includes commercial business and residential/commercial generator business.

About the Business

Location:
West Virginia
Year Established:
2008
Number of Employees:
1 ft, +sub-cont
Relocatable:
Yes
Facilities:
This company currently operates from a home office. Equipment is stored at the work site.
Market Outlook/
Competition:
Competition in the oil and gas industry for this small company is minimal. The larger contractors are not able to respond as quickly to the unplanned needs that arise in the oil and gas fields. For mid-sized projects, the reduced overhead and competitive bidding create an opportunity for this company.
Growth & Expansion:
This business has the opportunity to grow depending on how much the new owner wants to grow it. The oil and gas industry has been a consistent revenue generator throughout the last six years. With the owner, one employee and sub-contractors as needed, the Company smoothly maintains the day to day operations, easy expansion of employees, which are readily available in this area, can easily expand to accommodate more work and jobs as the new owner sees fit.
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About the Sale

Reason For Selling:
Retirement.
Training/Support:
The owner will train for four weeks at no cost. Further consulting, if desired, will be under a separate agreement. Full time employee is willing to work in a management/training capacity to assist new owner in learning the unique needs of the oil and gas industry.

Listing Info

ID:
1650376
Ad Detail Views:
888

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Business Listed by

Fred Walker

Murphy Business & Financial VA

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