Asking Price: $495,000 | Turnkey asset sale. Nearly 30 years in business. Owner retiring.
Rare opportunity to acquire a lean, profitable, well-established electrical contracting business serving the Hamilton, Stoney Creek, and Niagara region since 1996. The owner, a Master Electrician and Electrical Technologist, is retiring and offering the business assets, customer relationships, and goodwill for sale.
Business Overview
Revenue: Consistently $700K–$900K annually (peak year: $1.2M), with an $800K annual target
Earnings: Approximately $150K in normalized owner's discretionary earnings
Work mix: 50% industrial, 30% commercial, 20% custom residential (no subdivision work)
Customer retention: 98% — long-standing repeat relationships with major industrial manufacturers, national commercial builders, and franchise fit-out contractors. Has never lost a customer, and demand currently exceeds capacity
Staff: One licensed journeyman and one apprentice, both experienced and in place. Owner works in the field only as needed
Included Assets
2017 Ford Econoline E250 cargo van, professionally maintained since new (219,000 km), custom retrofitted at a cost of $16,000 to carry full job-site inventory and minimize supply runs
Full complement of standard electrical contracting tools (approx. $5,000 value)
Electrical supplies inventory (minimum $15,000 on hand)
Customer list, goodwill, and active customer relationships
Structure: Offered as an asset sale — vehicle, tools, inventory, customer relationships, and goodwill. Clean acquisition with no assumption of historical corporate liabilities.
The Right Buyer
The seller is selective. This business will only be sold to a licensed electrical contractor someone qualified to pick up exactly where he is leaving off. He has spent nearly three decades building his reputation on customer satisfaction, and he will be personally introducing the buyer to major industrial and commercial clients he genuinely cares about.
He expects the same standard of service to continue under new ownership. If you're looking to buy a customer list and coast, this isn't your opportunity. If you're a capable electrical contractor looking to step into an established book of business with a seller invested in your success, read on.
Transition, Mentorship & Customer Handover
This is not a "keys and a customer list" handover. The seller, a Master Electrician and Electrical Technologist with over 35 years in the trade, will personally introduce the buyer to his existing customer and client base and actively support the transition for up to 6 months, with extended consulting available beyond that.
The buyer gains more than a business: direct mentorship from a veteran operator, including insight on taking on larger industrial projects, job costing and cost control, estimating discipline, and the accumulated wisdom of a career spent running a profitable, lean operation. For the right contractor, the knowledge transfer alone is worth a significant part of the price.
Why This Business
This is a clean, simple operation with no bloat,low overhead, strong margins, and a customer base built on decades of trust. The client list spans industrial plants, marine/port facilities, foundation and heavy construction firms, wineries, franchise retail build-outs, institutional projects, and custom homes.
Growth is readily available: the seller has an extensive network and states he could add customers at will but is choosing retirement instead.
Reason for sale: Owner is turning 65 and retiring as promised to his family.
Serious inquiries from qualified electrical contractors only. Full financial details, customer information, and business identity disclosed upon signing a confidentiality agreement.
