Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Listed by:

ABI Business Sales

Broker license number: 01878465

Electrical Contractor And High End Commercial With Residential For Sale

California - North
Asking Price:
$1,400,001 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$6,000,000 (USD)
Cash Flow:
$650,000 (USD)

Full service electrical subcontractor specializing in high-end residential remodels and private commercial jobs (wineries, banks, government, retail) as well as automation and green solutions. With over $7M signed, current Work in Progress (WIP) for 2019, and new bids coming in for 2020, this highly streamlined operation has a strong track record of delivering superior craftsmanship and exceptional customer service.

A competent and motivated workforce includes California State Certified Journeymen, a cross-trained, strong management team and a culture focused on the highest standards of professionalism.

Competition: The Company’s strong reputation, complex project expertise and an elite certification for lighting & energy control, sets it apart and enables the firm to operate on a referral only basis and win >40% of bids.

Customers: Established & strong working relationships with many highly-reputable General Contractors in region. 2018 revenue mix: Commercial (25% and trending up), Residential (75%) spread over about 45 projects utilizing a base of 40, so no major customer concentration.

Growth & Expansion: By leveraging its documented processes and Bay Area demand, this operation is highly scalable and on track for 15-20% growth, year over year. Other opportunities include the addition of a service department for both commercial and residential as well as organic geographic expansion.

Transition: Seeking industry firm, or individual with electrical and/or construction expertise to carry on the excellent reputation and continue servicing clients. Owner is motivated and willing to stay on in the capacity needed post-close, including as an RME (although another candidate exists on staff) or in a consultative role to ensure a smooth transition.

Property information

Real Estate:

Lease

Lease Terms:

2000 sq ft leased office and shop, $4600/mo NNN, assignable lease.

Location:

San Francisco North Bay

Premises Details:

Fairly new, 2000 sq ft leased office and shop, $4600/mo NNN, assignable lease, nice location near a N. Bay downtown.

Size in square feet:
2,000

Business Operation

Expansion Potential:

By leveraging its documented processes and Bay Area demand, this operation is highly scalable and on track for 15-20% growth, year over year. Other opportunities include the addition of a service department for both commercial and residential as well as organic geographic expansion.

Competition / Market:

The Company’s strong reputation, complex project expertise and an elite certification for lighting & energy control, sets it apart and enables the firm to operate on a referral only basis and win >40% of bids.

Reasons for selling:

Focus on other businesses which seller owns

Employees:
34 FT

Other Information

Support & training:

Seeking industry firm, or individual with electrical and/or construction expertise to carry on the excellent reputation and continue servicing clients. Owner is motivated and willing to stay on in the capacity needed post-close, including as an RME (although another candidate exists on staff) or in a consultative role to ensure a smooth transition.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

SBA Pre-qualfied for experienced individual or company

Furniture / Fixtures value:
$160,000 (USD) - included in the asking price
Inventory / Stock value:
$2,000 (USD) - included in the asking price
Related Documents:

Contact Information

  1. Optional
  2. Country

  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to ABI Business Sales. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here