Electrical and Mechanical
Commercial Electrical Contracting Firm
Listing ID: ELECTRIC5
Entity Classification(M): S-Corp
Annual Sales: $5,012,310
Seller Discretionary Earnings: $1,349,275
Excess Inventory: $180,000
Target Working Capital: $200,000
Year Established: 1992
Days & Hours of Operation: M-F 8:30-5
Reason For Sale: True Retirement
Limited Seller Financing: Seller may provide a portion of financing dependent upon overall transaction structure.
Listing Status: Under Contract
Description:This North Carolina based business is a reputable and well-established commercial electrical services firm. With a proud history of over three decades, they have earned a stellar reputation for providing top-notch electrical solutions to commercial clients. Their team of highly skilled and licensed electricians is committed to delivering exceptional workmanship, ensuring safety, efficiency, and reliability in every project they undertake. Whether it's electrical repairs, installations, or maintenance, the business excels in delivering personalized and cost-effective solutions tailored to meet the unique needs of its customers. The company maintains gross profit margins 9% higher than the industry average, SDE profit margin 15% higher than the industry average and EBITDA margins 22% higher than the industry average. The business currently has $4,589,595 work-in-process with $2,993,450 in contractual backlog and an additional $1,500,000 of outstanding quotes. 2023 gross revenue is on target to reach $7,000,000. As a trusted local company, they are dedicated to maintaining the highest customer service standards and have become a go-to choice for anyone seeking quality commercial electrical services in the Wilmington area.
Historical Summary:This business was founded in 1992. As Wilmington experienced growth, the company grew its commercial and industrial services to meet the needs of its clients, becoming a prominent player in the local business landscape. Throughout the years, the owners have remained at the forefront of industry advancements, embracing cutting-edge technology and adhering to the highest safety standards. With a legacy spanning over three decades, this business is a trusted and reliable commercial electrical services provider known for its professionalism, expertise, and unwavering commitment to customer satisfaction.
Growth & Expansion Opportunities:The company has a steady flow of projects and maintains a backlog equivalent to approximately 4 months of work.
Location: Office Park
Real-Estate: Owned for Sale
Facilities Type: Flex/Office
Real-Estate Asking Price: $550,000
Monthly Rent: $4,000
Building Square Feet: 3,000
Facilities Description:The business operates from a commercial business park with easy access to the major thoroughfare.
Full-time Employees: 22
Support & Training
Owner Qualifications:Owner should possess general business skills. The North Carolina State Board of Examiners of Electrical Contractors oversees licensing of electrical contractors in North Carolina and requires a North Carolina Electrical Contractors License. Local permits may also be required.
Support & Training:Seller will provide a total of 240 hours of transition support included in the purchase price.