Profitable Twin Cities Electric Contractor

Mound, MN (Hennepin County)

Profitable Twin Cities Electric Contractor
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Asking Price: $200,000

Cash Flow: $119,395

Gross Revenue: $601,714

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2013

Profitable Twin Cities Electric Contractor

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Business Description

This electrical contracting business has multiple large, customers with recurring revenue and multi-year projects that reduce the normal seasonal cash flow effects of most new construction electricians. Approximately 70% of revenues are associated with new construction or major renovation projects and 30% for repair work for both commercial and residential customers. An estimated 15% of business occurs after normal 8:00 to 5:00 business hours for emergency repair work.
Detailed master labor scheduling and project management are at the core of their ability to maintain costs for their customers. The master electrician owner is willing to continue working as an independent contractor in project management, permitting, and business development if buyer desires.

Detailed Information

Employees:
7
Competition:
While there are several local competitors, this company is known for its ability to get the job done efficiently, which saves the customers costs in the long run. Most of the new business is derived from social media without a great deal of owner interaction. They are currently booked out approximately 120 days for service work with turning business weekly due to being at 100% labor capacity. The labor force is very stable with 3 out of the 5 electricians being with the company since its inception. High social reviews are the norm.
Growth & Expansion:
They are currently booked out approximately 120 days for service work with turning business weekly due to being at 100% labor capacity. Additional revenues could be attained with addition of electrical employees or independent contractors without additional advertising budget.
Support & Training:
4 weeks
Reason for Selling:
career change
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Scott Hislop

Business Listed By:
Scott Hislop

Transworld Business Advisors of Minnesota

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