Business Overview
*Established Legacy: Reputable and profitable electrical contracting business in the Greater Toronto Area (GTA) that has been operating for more than 50 years
*Diverse Portfolio: Business provides comprehensive electrical solutions for commercial, industrial, and residential needs
Deal Highlights
*Inclusive Assets: Purchase price includes Working Capital, Equipment and Vehicles valued at approximately $115,000
*Flexible Financing: Limited seller financing is available for qualified buyers.
Financial Snapshot
*Revenue Growth: Year-on-year increase with revenue reaching approximately $592,000 in 2023; estimated revenue for 2024 as per seller is about $650,000
*Strong Earnings: Demonstrated multi-year track record of profitability, with the owner’s discretionary earnings for the period ending November 2023 at approximately $225,000
Human Resources
*Workforce: Business has a non-unionized staff of 3 employees, including 2 Licensed Electricians
Owner Roles: Owner is currently responsible for Fieldwork, overseeing operations, managing client relationships and staffing
Competitive Strengths & Opportunity
*Organic Growth: A loyal and organic client base built over the years; the family-owned business currently has over 330 clients in the database and does over 80% repeat business from existing clients
*Growth potential: The majority of current revenues are generated organically through an existing client base, with no active marketing efforts. There is significant untapped potential for growth by implementing marketing strategies
Transition & Future
Smooth Handover: Current owner is willing to stay for a reasonable period to ensure a seamless transition
*Buyer Profile: Ideal buyer would need to have some experience in the electrical trade industry
