Residential, Commercial and Industrial Electrical Construction, Western Canada

Business Description

With more than 25 years of profitable operations the Company has focused on sustainable growth, as well as fostering a reputation that encourages new customers to feel confident in choosing the Company for their electrical construction needs. The Company strives to provide their customers with the latest innovations in electrical construction to ensure each project meets the needs of the customer.

• Established 1996
• 69 Employees
• Owners Retiring
• Management Team in Place
• COR Certified and a member in good standing with local Home Builders Association
• Provides excellent electrical construction services in both design and installation (residential & commercial), single and multi-family homes, renovations, home automation, and standby generators
• Experienced and knowledgeable staff
• Well known business with strong reputation in their area
• Lutron Dealer – Caseta, RA 3, HomeWorks, shades, Ketra
• Residential Cummins Dealer for their area, offering back-up home and commercial generators
• One owner willing to stay on as an employee, as well as key management
• Long-term lease available on business premises

Financial Summary

FY'21
Sales Revenue - $6m
Normalized Earnings - $249k

FY'22
Sales Revenue - $6.5m
Normalized Earnings - $220k

FY'23 
Sales Revenue - $11m
Normalized Earnings - $1.7m

(2023 was an anomaly due to a large influx of contracts that had been pending for a while, which were then all completed and paid out within the same year. Although the business doesn't expect to meet the same figures in the 2024 fiscal year, they expect to perform higher than the years prior to 2023).

List Price - $4,500,000

Equipment Included in list price $1,230,000 (insured value)

Inventory $500k (approx. value) to be negotiated separately