Silicon Valley-Based Specialty Electrical Contractor (71401)
ConstructionFor Sale in CA
Financial & Assets Details
About the Business
Outstanding opportunity to acquire a business averaging a 30+% increase year after year over the past 5 years. Owners are flexible, will consider a joint venture proposal, and can remain for an extended transition period. The Company is a specialty trade contractor offering electrical contracting and consulting services for commercial and industrial applications. The business is certified by the State of California as a Title 24 qualified and compliant contractor, accepted as a Trades Professional by the local utility company, and recognized in 2016 as Employer of the Year by CalWORKS. The company's primary services include lighting energy audits, tenant improvements and new construction, and operates from a 1,699-square foot facility, which it owns, to coordinate the projects and certified personnel. The Company has a proven track record, supported by its 19 years of ongoing business. Revenues have been increasing 24% to 37% per year over the past five years due to an increasing customer base. Last fiscal year, the Company's total revenue was $1,939,041 with an EBITDA of $282,867. Fiscal 2017 (thru Sept. 18) is already more than 50% ahead of Fiscal 2016 after 6 months. This is a can't miss opportunity for the right buyer!
Financing can be negotiable for the right buyer.
Support & Training
While the employees would probably stay on after the sale, the current owner wishes to remain with the business for extended period. This would be to provide technological advancement to the business for an accelerated growth.
Reason for Selling:
Approaching retirement and/or pursuing other interests.