MergerPlace

Electric Contractor

Oklahoma (Oklahoma)


  • Asking Price: $395,000
  • Gross Income: $657,856
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $45,542
  • FF&E: $173,707
  • Listing ID: #223472
  • Established: 2004
  • Employees: 6 FT/2 PT

Business Description

This is a fantastic opportunity to acquire an established and profitable full-service industrial, commercial and residential electrical contracting business which, for the past 15 plus years, has been serving the greater metro areas of OKC. Established in 2004, this fully-licensed electrical contractor operates out of a 1800 square foot location in the North OKC Metro/Edmond area and handles all commercial electrical needs for both new construction and renovations. This business has built its reputation as an expert in the field and industry leader, all while building an impressive customer list, from business, public institutions, residential, and many more. To ensure a successful hand-off to the Buyer, the Seller is available to remain on and actively involved in the business operations for a period to transfer his knowledge and industry relationships. The sale includes all equipment as well as several vehicles and trucks. The owner is hands on with a manager on staff running operations. There are 9 employees including the owner. The business enjoys a 50/50 business ratio commercial/residential.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Oklahoma
County: Oklahoma

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT/2 PT

Financial Information

Asking Price: $395,000
Gross Revenue: $657,856
FF&E: $173,707
Inventory: $45,542
Seller Financing Available: No

Property Information

Facilities:

Over the past 15 years, the owner has made a conscious decision to instill well-defined systems and processes to help increase the efficiency of the business. The business runs as a turnkey operation and the owner is in the field daily mostly as an overseer and focuses on long term strategic goals as well as quality control. The leased Real Estate includes a 1800 square foot Industrial Park/Center building near a major high trafficked thoroughfare.

Growth & expansion opportunities:

The owner has chosen to count on his loyal repeat customers by providing excellent customer service to continue to grow and provide the exceptional service they have always provided. A new owner could increase marketing and advertising to increase revenue and earnings. This business has a high potential for growth with Industrial and commercial services (50%) and residential services (50%). According to IBIS World, over the next five years to 2025, industry revenue is expected to grow at a more rapid pace, largely as a result of pent up demand. As the economy recovers, the value of construction, per capita disposable income and consumer confidence are anticipated to increase and contribute to industry revenue growth. In addition, the industry is projected to benefit from continued renovation and retrofitting activity, particularly green upgrades, such as energy-efficiency projects and smart home technologies.

Competition:

The company is currently operating at capacity and at times, may turn jobs away. IBIS World notes: Over the five years to 2020, the industry has posted relatively strong revenue growth supported by new construction activity and an uptick in renovations. Electrical Contractors depend on construction activity as well as demand for renovation. The global volume of construction is forecast to grow by 85% to $15.5 trillion by 2030, according to a report by Global Construction Perspectives and Oxford Economics.

Reason for selling:

The current owner is ready to retire.

Support & Training:

Will train for 2 weeks @ $0 cost. The Company is primarily focused on a local/regional market generally within 40 miles of its headquarters. The company has 6 electricians, 1 manager, and 2 office persons on staff. The business has a long history of strong cash flow and represents an outstanding opportunity for an owner operator, or a company looking towards expansion for a strategic industry buyer, or a financial buyer looking to add an electrical contractor to their portfolio of companies.

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Business Listed By:

Geary Welch

Murphy Business Brokers