It has been determined that the owner/seller has met our qualification standards of being an established, profitable, and bankable business. This is the starting point of our SCS system, that has proven to deliver results three times or more industry standards and helps those we work with experience our mission of receiving the highest customer satisfaction ratings in North America. To obtain a thorough overview of this business, hit the CONTACT SELLER button. Once completed, you will receive an automated email from our system that will provide you with a link to complete a Non-Disclosure Agreement (NDA).
Description
This longstanding business is a premier electrical company that offers residential, commercial, and industrial services.
The business has been prominent with its high quality electrical services along with its competent team members, licensed electricians and staff.
The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.
By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions.
Financial Information
Annual Revenues and Seller's Discretionary Earnings, with year end September 30:
2023
Revenue: $2,300,000
SDE: $570,000
2022
Revenue: $1,730,000
SDE: $370,000
* Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one-time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.
Operations
The building size is at 2250 sq. ft.
Primary heat source: Electric Convector Heater (January 2009)
Alternative heat source: Heat pump (2014, 2016, 2024)
Water supply: Municipal
Sewage disposal: Municipal
