• Profitable Electrical Contracting Business doing industrial work.
• Long established (over 50 years) with an excellent reputation in the market it serves.
• Most of the business is scalable with many repeat customers.
• Non-union with a team of 11 in the field (10 journeymen have 309A licenses)
• Office staff includes an administrator and 2 partners.
• The company has been built on service, expertise, and reliability.
• Bills out between $90-120/ hour, with journeymen paid $50/hour and apprentices paid 50-90% of journeyman rate.
• Fleet includes 9 trucks (average 3-4 years old)
• Work in Progress (WIP) stands at $600,000.
• Forecast EBITDA F2023 (Dec 31 Y/E) of $470,000
• Excellent opportunity to acquire a long-established business with a solid customer and supplier base
- Asking Price:
- $2,015,000 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $3,200,000 (CAD)
- Cash Flow:
- $500,000 (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
12-18 month lease offered by seller who owns the building
- Leasehold Rent:
-
$48,000 (CAD) per annum
- Location:
-
West GTA with easy access for vehicles.
- Premises Details:
-
• 2000 ft. square standalone facility owned by the seller(s) – willing to offer a 12–18-month lease.
- Size in square feet:
- 2,000
Business Operation
- Competition / Market:
-
Company has long standing relationships with many customers
- Reasons for selling:
-
Retirement
- Trading hours:
-
M-F 8-5p
- Employees:
- 12
- Years established:
- 50+
Other Information
- Support & training:
-
• The owner is willing to offer transitional assistance and an additional 1-year consulting agreement if required.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
• Potential for some Vendor Financing to qualified buyer.
- Furniture / Fixtures value:
- $70,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $450,000 (CAD) - included in the asking price
- Relocatable:
- This business can be relocated.
