Electrical Contractor - Residential & Commercial MOTIVATED SELLER

Sonoma County, CA

Seller Financing Available
Electrical Contractor For Sale
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Asking Price: $849,000

Cash Flow: $510,000

Gross Revenue: $5,400,000

EBITDA: N/A

FF&E: $160,000

Inventory: $2,000*

Rent: $4,600 /Month

Established: N/A

*not included in asking price.

Electrical Contractor - Residential & Commercial MOTIVATED SELLER

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Business Description

Full service electrical subcontractor specializing in custom, high-end residential remodels & private commercial projects (banks, wineries, government, retail) as well as automation (home theatre, surveillance & security) and green solutions.

Strong pipeline includes >$6M signed WIP, streamlined operation delivers exceptional craftsmanship, competent, motivated workforce includes State Certified Journeymen, cross-trained management team and positive, professional culture.

Competition: Company’s strong reputation, complex project expertise and an elite certification for lighting & energy control, sets it apart and enables referral only basis and win >40% of bids.

Customers: Established & strong working relationships with many highly-reputable General Contractors. 2018 revenue: Commercial (25% trending up), Residential (75%), no major customer concentration.

Growth & Expansion: By leveraging its documented processes and Bay Area demand, this operation could scale up. Other opportunities include the addition of a service department as well as organic geographic expansion. Current owner does not work full-time so also an opportunity to grow with new motivated manager.

Transition: Seeking industry firm, or individual with electrical and/or construction expertise to assume GM role and carry on the excellent reputation for customer service. Owner is motivated and willing to stay on as needed post-close, including as short-term RME (possible candidate exists on staff) or in a consultative role to ensure a smooth transition.

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Detailed Information

Location:
Sonoma County, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
32
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Nice office location with large welcome area, 2 multi-office work rooms, 3 offices, conference room, roll-up door and warehouse for product storage.
Growth & Expansion:
By leveraging its documented processes and Bay Area demand, this operation could scale up. Other opportunities include the addition of a service department as well as organic geographic expansion. Current owner does not work full-time so also an opportunity to grow with new motivated manager.
Financing:
SBA Pre-approved (w/ $300k WC add-on) or some Seller Financing for qualified buyer
Support & Training:
Seeking industry firm, or individual with electrical and/or construction expertise to assume GM role and carry on the excellent reputation for customer service. Owner is motivated and willing to stay on as needed post-close, including as short-term RME (possible candidate exists on staff) or in a consultative role to ensure a smooth transition.
Reason for Selling:
Other business ownership
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Contact the Seller

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

Business Listed By:
Amy Cole, Broker, MBA, CBB, CBI, M&AMI

ABI Business Sales - Mergers & Acquisiti

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. 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.

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