DealStream Logo

Details

Jul 13, 2020This profitable Company is a reputable electrical contractor offering diverse services, including industrial, commercial, and residential work, maintenance support, utility contracting, and substation work. The Company’s day-to-day operations are 75% bid work and 25% time and material jobs (small projects to troubleshooting calls) from long-term customers and general contractors.

The Company is overseen by the 100% owner. The shop foreman and office manager handle most of the day-to-day operations. The owner works, on average, 30 hours per week, with his most valuable role being quoting large projects. The owner shows up to work every day because he enjoys the work; however, being physically present at the facility is not necessary to effectively run the Business. Over the last three to four years, the owner has taken more time off and away from the office while giving more responsibility to the managers and employees. Over the last few years, the owner has taken 6 to 10 weeks of vacation per year.

The shop foreman and office manager are excellent managers. The shop foreman and owner have a longstanding relationship (20 years), and the owner has groomed the shop foreman to manage the Company effectively. The owner is confident that a new owner could work 10 to 15 hours per week while maintaining the same market share due to the Company’s outstanding managers. The owner is turning 50 this year, and he would like to relocate to Key West, Florida. The owner is willing to stay on to help transition the Business to a new owner.

Buyers will be required to have a minimum of $100,000, solid credit, and preferably industry experience to qualify for SBA 7a financing.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email and request a PDF version.

Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you from the project manager.

IF YOU DO NOT RECEIVE A FOLLOW UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email for support. Thank you in advance!

Learn More About This Listing

Sign up for a free basic membership to start buying and selling. Learn about our membership plans.

By clicking "Join Now - It's Free" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.