*Company: Very profitable, well-established Electrical company with a 10-year+ history
*Consistent Profitability: The company has a multi-year track record of profitability, with last year's (Year-End Sept-2023) revenue of around $2.3M and the seller’s discretionary earnings (SDE) of approximately $575k. The average SDE for the last 3 years (Y2021-2023) was around $475k
*Loyal client base: strong/long relationship with clients – In the last 3 years, almost 80-90% of annual sales were generated from long-term clients.
*Revenues: Generated from different market segments: Commercial Construction (new or renovations), Electrical work for Fire Alarm systems, installations of EV (Electrical Vehicles) charges and Service Calls related to previous installations.
*Geographical Coverage: Most of the installations/services offered are in GTA and cities around.
*Growth Opportunities: Exist by undertaking more projects from existing (long-term) clients or by implementing more aggressive marketing to expand the client base
*Staff: The owner included – a non-unionized staff of 7 full-time employees and one full-time subcontractor.
*Owner’s Role: Handle sales, estimates, quotes – managing the staff – supervising ongoing projects/installations and services.
*Marketing: Most of the current revenues are generated through existing clients and referrals, with minimal or no marketing at all.
*Smooth Transition: The owner is planning to retire, hence looking to sell the business. He is willing to stay on board for a negotiable period (3-6 months) to assist with the transition of the business
*Assets Included: Vehicles, Equipment, Tools and Inventory (as per seller, valued at $110k)
*Financing Flexibility: Seller is open to considering seller financing options for serious and qualified buyers only
