Premier Electrical Contractor

TX

Premier Electrical Contractor
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $2,700,000

EBITDA: $480,000

FF&E: N/A

Inventory: N/A

Established: N/A

Premier Electrical Contractor

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Business Description

Residential & Commercial Markets: Repair, Maintenance, & Install:

The Company repairs, installs, updates, maintains, and diagnoses electrical systems for residential and commercial customers. The Company installs ceiling fans, exhaust fans, EV chargers; upgrades electrical panels; troubleshoots power outages. Additionally, the Company provides services related to dedicated circuits, whole house surge protection, and lighting updates. The Company serves residential (80%) and commercial (20% of 2018 revenue) clients.

Detailed Information

Competition:
Diversified Customer Base: No single customer accounted for more than 10% of revenue during the historical period. Management Will Remain through Transition: The owner is willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership. Awards and Recognition: Awarded an A+ rating by the Better Business Bureau, BBB has determined that the Company meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. Additionally, the Company is highly rated, reviewed, and approved on Angie’s List, HomeAdvisor, and Porch.
Growth & Expansion:
Strong Historical Sales Growth: Historical sales have grown from $1,941,000 in 2016 to $2,530,000 in 2018, representing a CAGR of 14.2%. Sales have grown consistently year over year in the historical period. Increasing Profitability: The Company’s adjusted EBITDA, a key indicator of financial performance, increased from 7.9% of sales in 2016 to 16.9% in 2018. In 2019, the Company's EBITDA is expected to reach ~$483,000 (17.9% of sales).
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Tim Cook

Business Listed By:
Tim Cook

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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