Electrical Contractor: Commercial & Residential, MOTIVATED SELLER

Sonoma County, CA

Seller Financing Available
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Asking Price: $1,800,000

Cash Flow: $720,000

Gross Revenue: $6,000,000

EBITDA: $600,000

FF&E: $160,000

Inventory: $2,000

Rent: $4,600 /Month

Established: N/A

Electrical Contractor: Commercial & Residential, MOTIVATED SELLER

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Business Description

$7M WIP, High End Projects, Streamlined, Establ Clients, Licensed Staff

Full service electrical subcontractor specializing in high-end residential remodels and private commercial jobs (wineries, banks, government, retail) as well as automation and green solutions. 2019 ON TRACK FOR $7.7M REVENUE AND $885k SDE with over $7M signed Work in Progress, and new bids coming in for 2020, this highly streamlined operation has a strong track record of delivering superior craftsmanship and exceptional customer service.

A competent and motivated workforce includes California State Certified Journeymen, a cross-trained, strong management team and a culture focused on the highest standards of professionalism. The owner is very motivated to sell so he can focus on his other 2 businesses.

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Detailed Information

Location:
Sonoma County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
34
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Nice office and shop centrally located.
Competition:
The Company’s strong reputation, complex project expertise and an elite certification for lighting & energy control, sets it apart and enables the firm to operate on a referral only basis and win >40% of bids.
Growth & Expansion:
By leveraging its documented processes and Bay Area demand, this operation is highly scalable and on track for 15-20% growth, year over year. Other opportunities include the addition of a service department for both commercial and residential as well as organic geographic expansion.
Financing:
Some seller financing for qualified buyer
Support & Training:
Seeking industry firm, or individual with electrical and/or construction expertise to carry on the excellent reputation and continue servicing clients. Owner is motivated and willing to stay on in the capacity needed post-close, including as an RME (although another candidate exists on staff) or in a consultative role to ensure a smooth transition.
Reason for Selling:
Motivated to focus on other Business Opportunities
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Contact the Seller

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Amy Cole, Broker, MBA, CBB, CBI, M&AMI

Business Listed By:
Amy Cole

Business Sales, Mergers & Acquisitions, and Valuations

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.


Sponsoring Broker:
Ronald (Ron) C. Johnson, M&AMI, CBI, CBB

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