71316- Central Texas Specialty Electrical Contractor

Financial & Assets Details

About the Business

Business Description

The company is a Central Texas Hill Country specialty-trade contractor providing full-service electrical installations and repairs for residential, commercial and industrial projects. Estimated at $600k, the 2,500 sq. ft. shop is on personal property specialized to fit the business and owned with an option to lease or purchase additionally. The property also includes a 3,200 sq. ft. residence with 5bed/3ba, a guest house, storm shelter and swimming pool on 3.5 acres total with additional value. Approximately 75% of the company’s revenue is derived from the residential sector, the remainder of sales are from servicing commercial and industrial properties. The company offers a wide range of services within five counties including, but not limited to: circuit breaker installation and repair, electrical wiring, interior and exterior lighting, electric panel installation and repair and electrical design, inspection and testing. In 2016, the company generated$660k in revenue with adjusted EBITDA of $295k.
Consistent profitability - Revenues near doubling in 2017 - Includes: $50k equipment/vehicles & $15K of inventory - Significant repeat business - 4 non-union employees - 6 Independent Contractors - Owner financing up to 25% negotiable for the right buyer - Service radius of approximately 50 miles Owner willing to remain for transition period. Seeing the the profits grow from $150k in 2014 to estimated $500k in 2017, the owner is looking reasonable offers based on the more recent figures.

Seller Financing

Negotiable for the right buyer

Support & Training

Owner willing to remain for transition period.