Business Overview:
• Established Legacy: With over 25 years in the industry, this business boasts a strong legacy and widespread respect.
• Diverse Operations: As one of the top Industrial Electrical Contractors in the region, the company collaborates with General Contractors, Municipalities, and
Developers.
• Sales Security: Approximately $98 million in sales secured until 2028; as of September 2023.
Deal Highlights:
• Inclusive Assets: The purchase price includes Inventory, Equipment, and Vehicles valued at approximately $2 million.
• Flexible Financing: Limited seller financing is available for qualified buyer(s).
Financial Snapshot:
• Robust Revenue: Revenue for 2023 is approximately $21 million and is projected to be $30 million by next year.
• Strong Earnings: Following the impact of COVID on the business, the Owners Discretionary Earnings for 2023 stand at approximately $1.1 million. According to the
seller, projected owner discretionary earnings are expected to be $3 million next year.
Human Resources:
• Skilled Workforce: Currently employing a large full-time workforce, the business maintains a diverse and skilled team that boasts a wealth of collective experience.
• Owner Roles: Owner(s) are currently responsible for Purchasing, Estimation, Finance, and Project Consulting.
Competitive Strengths:
• Organic Growth: Thriving on reputation, the business has flourished with minimal marketing, providing ample growth opportunities for the new owner.
• Accredited & Licensed: Fully accredited and licensed, including IHSA COR adherence to health and safety standards.
Transition & Future:
• Smooth Handover: The current owner(s) are willing to stay for a reasonable period to ensure a seamless transition.
• Retirement Ready: An ideal opportunity for those seeking a successful enterprise, as the current owner(s) prepare for retirement.
• Retirement Ready: An ideal opportunity for those seeking a successful enterprise, as the current owner(s) prepare for retirement
