For sale is a well-established electrical subcontractor in the Southeast, specializing in large-scale multifamily construction. The business is returning to market after a previously accepted offer fell through unexpectedly when the buyer ceased communication prior to closing. The company has strong, long-term relationships with two premier general contractors and is known for completing projects on time, under budget, and often ahead of schedule.

Key Highlights:
2024 Revenue: ~$11M (record year), driven by a ~$7M flagship project
Active Pipeline (March 2026): 4 projects in progress
Pipeline Value: ~$9.6M total revenue
Project Timing: 3 projects started in 2025, 1 in 2026
Average Project Size: $2–$3M
Customer Base: Long-term relationships with two premier general contractors
Operations: Lean, experienced team with established processes
Owner Involvement: 3–4 hours per day, primarily remote
Licensing: Master Electrician required (transferable or can be held by existing employee)

Financial & SBA Considerations:
EBITDA: ~$4M in 2024 and ~$2M in 2025
SBA Eligibility: Likely SBA eligible based on strong historical cash flow and contract visibility; “likely” is due to amended returns currently in process
Financing Outlook: Based on earnings profile, we believe lenders will approve a ~$3M+ loan
Financials: Revised by a new accountant; prior accountant did not properly apply percentage-of-completion accounting, resulting in a reported loss in 2023 that is likely a cumulative timing effect from prior years
Amended Returns: Currently being filed to reflect corrected revenue recognition

Transaction Overview:
Asking Price: $4 million
Structure: $3 million cash at closing with remaining balance as an earnout or seller note

**sign the nda here: https://businessexits.com/listing/southeast_electrical_contractor/