Business For Sale

Established Electrical Contractor Business

Benchmark Business Group specializes in the confidential sale and purchase of successful businesses. Our experienced team, proven systems, strong buyer and lender relationships, and expertise in presenting financially sound deals to qualified buyers result in satisfied buyers and sellers. Below is a list of businesses we have listed for sale in Iowa and surrounding areas as well as other locations throughout the United States.

Listing ID: 2947R

Industry: Services: Construction/Contractors

Download Circular Print Listing More Info

Quick Facts:

Listing Price:

$4,085,000

EBITDA:

N/A

Real Estate:

N/D

Gross Revenue:

$4,554,291

FF&E:

$799,213

Established:

1982

Cash Flow:

$1,211,857

Inventory:

$2,500

Employess (FTE):

18.00

Description:

This established merit-based electrical contractor business for sale in Illinois has been providing quality services to commercial, industrial and residential customers for 40 years. Services include running wiring for construction projects including 208/480 voltage and 5K/12K voltage, lighting installation and repair, energy-efficient upgrades, wiring for commercial, industrial, and residential electrical installation. The business has built a solid reputation due to their top-quality workforce known for their ability to complete jobs in a cost effective and timely manner and has a large amount of work contracted to generate reliable revenue well into 2024.

Detailed Information:

Broker:

Brad Dostal

Location:

Midwest

Furniture, Fixtures & Equipment (FF&E):

Vehicles, shop equipment, office equipment, leasehold improvements

Facilities:

The business is based in an easy-to-access facility with ample parking for customers and support vehicles. The main office/shop is approx. 4,800 sq. ft. and includes a modern, finished office space. There is also an adjacent 2,100 shop and storage building, as well as a 10,000 sq. ft. for storage building/warehouse for indoor vehicle parking. The property is seller owned. A new owner could purchase the real estate or establish a lease with terms to be determined.

NAICS:

238210

Inventory included?:

Yes

Reason for selling:

Retirement.

Market opportunities:

Due to their established reputation, the business receives many referrals that keep them busy. As the business has an excellent closing rate on bids they place, Industrial business growth could occur by putting a focus on government contract opportunities. A new revenue stream could occur through adding routine service contracts for residential clients or by adding other home maintenance services. Additionally, with the significant demand for energy efficient/green lighting solutions, the business can leverage its highly trained workforce to take on more of these high margin jobs to increase profitability.

Competitive advantage:

The business is the only non-union electrical contractor capable of profitably managing medium to large electrical construction projects in the area. Because of the non-union status, there is more flexibility and efficiencies that can be offered to customers such as beating deadlines or the ability to change out personnel on jobs. Additionally, the business continually works side by side with other union general and trade subcontractors without issues.

Able to relocate?:

Yes

Real estate included?:

Real estate owned by seller?:

Yes

Real Estate leased from third party?:

Real estate available for buyer to purchase?:

Yes

Seller financing available?:

Training provided by seller?:

Yes

Franchise ?: