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Commercial Electrical Contracting Firm

Wilmington, North Carolina, USA
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Businesses For Sale | Electrical & Mechanical Companies For Sale

Listing ID : 427127

Posted on January 20, 2024 View Count 37

Price :
Inquire for Price
Business Financials & Assets :
Gross Revenue:
$6,009,895
EBITDA:
$1,399,660
Year Established:
1992
Inventory Included:
No
Estimated Value of Inventory:
$179,999
Description of Inventory Included:
Raw materials in excess of current WIP.
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Estimated Value of FF&E:
$480,500
Description of FF&E Included:
The bulk of FF&E in comprised of work trucks and trailers.
Description of Outstanding Liabilities & Debts:
Cash free/Debt Free structure.
Property Details :
Business Details :
Number of Employees:
22
Absentee Owner:
No
Business Can Be Moved:
Yes
Real Estate:
Available for Purchase
Rent:
$4,200
Type of Lease:
Triple Net Lease (NNN Lease)
Building Size:
3,000 Sq. Ft.
Facility & Tenant Improvements:
The business operates from a commercial business park with easy access to the major thoroughfare.
Growth and Expansion Opportunities:
The company has a steady flow of projects and maintains a backlog equivalent to approximately 6 months of work.
Terms :
NDA Required:
Yes
Broker Co-Op:
No
Support & Training Offered:
Sellers will provide a total of 240 hours of transition support included in the purchase price.
Reason for Selling:
True Retirement
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

This North Carolina based business is a reputable and well-established commercial electrical services firm. With a proud history of over three decades, they have earned a stellar reputation for providing top-notch electrical solutions to commercial clients.

Their team of highly skilled and licensed electricians is committed to delivering exceptional workmanship, ensuring safety, efficiency, and reliability in every project they undertake. Whether it’s electrical repairs, installations, or maintenance, the business excels in delivering personalized and cost-effective solutions tailored to meet the unique needs of its clients.

The company maintains gross profit margins, SDE and adjusted EBITDA profit margins higher than the industry average. The business currently has over $3,000,000 in contractual backlog and an additional $4,500,000+ of outstanding quotes/RFP’s. 2024 gross revenue is expected to approach $7,000,000.

As a trusted local company, they are dedicated to maintaining the highest customer service standards and have become a go-to choice for anyone seeking quality commercial electrical services in the central Southeast area.

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High Selling CBD / THC Store in Naples, Fl

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