Profitable, Electrical Industrial Contractor in East Texas

TX

Profitable, Electrical Industrial Contractor in East Texas
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Asking Price: $2,999,999

Cash Flow: $541,784

Gross Revenue: $3,061,258

EBITDA: N/A

FF&E: $767,473

Inventory: N/A

Real Estate: $356,694

Established: 1997

Profitable, Electrical Industrial Contractor in East Texas

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Business Description

Located in East Texas, this electrical contracting company has been in business for over 20 years, serving the commercial, industrial and residential markets. Their focus is on industrial and commercial electrical contracting. They have built very impressive, long standing client relationships during this time through quality, professional services with safety as their top priority. Their array of services include, repairs, upgrades, expansion and installation on all electrical disciplines with all voltage levels up to and including 15KV. Their customers include municipal facilities, commercial facilities (Educational Facilities, Shopping Centers, Retail Outlets), Lumber Mills, Power Plants and manufacturing facilities.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
4,800
Employees:
20 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Business owns the building and land where the business is located. The building is 4,800 square feet and the land is .964 of an acreage. The real estate can also be a lease option or relocated.
Competition:
The size of work this company focuses on is competitive, but due to the long standing customer relationships, the company has developed a strong niche in the midsize to smaller commercial industrial jobs. The owner has not bid on larger work, where the competition is against larger firms with more employees/crews.
Growth & Expansion:
A new owner can inject more working capital to expand the electricians, vehicles and equipment to handle the work being turned down due to labor constraints. Funding an expanded external advertising program will find new customers. Per the current owner, revenue can grow to $5-$6 million with these actions.
Support & Training:
Will train for 2 weeks @ $0 cost. This electrical contractor provides industrial electrical contracting services of new installations, repairs, replacements and upgrades with customers such as feed mills, industrial manufacturers, power plants and oil field services. They provide commercial contracting services of installations, repairs, replacements and upgrades to educational facilities, retail shopping centers, retail outlets and restaurants. A TDLR Licensed Master Electrician is required to own and operate this business in the state of Texas.
Reason for Selling:
Owners want to retire.
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Thomas Foster

Business Listed By:
Thomas Foster

Murphy Business & Financial -N. Texas

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Sponsoring Broker:
Richard Gadberry

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