Electrical Contractor & Maintenance Provider

ON

Electrical Contractor & Maintenance Provider
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $2,400,000

EBITDA: $280,000

FF&E: N/A

Inventory: N/A

Established: N/A

Electrical Contractor & Maintenance Provider

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Business Description

The Company is an electrical contractor and maintenance provider for industrial, commercial, and residential projects based in Ontario, Canada. In 2018, revenues were comprised of service and maintenance work (40% of sales), new construction (30%), and new installations (30%).

In 2018, the Company’s customer markets comprised industrial (40% of revenues), commercial (30%), and residential (30%). It serves customers primarily located within a one-hour radius of its headquarters location.

The Company relies on its local and regional reputation, word-of-mouth, and referrals to generate business. Since inception, it has established an extensive network of contacts in numerous industries. The Company’s principal also participates in direct selling activities to develop new, large accounts, including active participation in professional organizations.

The Company operates from a 3,600-square foot office and shop which can accommodate more-than-double current revenue levels without major facility improvements. It staff currently totals 18 full-time employees.

Detailed Information

Competition:
* Superior Name and Reputation: The Company has a long-standing (30+ years) reputation for completing quality electrical projects, reliable expertise, and superior customer support. * Strong Customer Relationships: The Company has strong ties to clients due to its reputation for timely project completion and excellent customer service. This commitment is represented in the strong retention rate of accounts. * Modest Ongoing Capital Investment Requirements: Management does not expect significant investments in capital assets to be required over the pro forma period. Going forward, management anticipates capital expenditures to average only $7,000, indexed for inflation, per year for various equipment purchases and leasehold improvements.
Growth & Expansion:
If properly capitalized, the Company has opportunities to expand its regional reach and broaden client service offerings to further improve appeal with new and existing customers.
Financing:
Negotiable
Support & Training:
To facilitate a successful and orderly transition, the current owner is willing to remain with the Company during a transition period.
Reason for Selling:
Additional capital required to take company to the next level
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Corey Painter

Business Listed By:
Corey Painter

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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