Electrical Contractor and Lighting Company TBH610
| Asking Price: | $4,900,000 |
| Gross Revenue: | $4,500,000 |
| Established Year: | 1989 |
| Cash Flow: | $1,500,000 |
| FF&E: | $400,000 |
BUSINESS OVERVIEW:
Founded in 1989, the firm is a full-service commercial and residential electrical contractor specializing in new commercial and residential construction and service work. A second arm of the company is a lighting design and retail showroom business. The lighting business does not do installation. The businesses are based in the Augusta Metropolitan Area and clients include both general contractors and individual customers (commercial and residential).
The businesses service area is a 200-mile radius from the business facility headquartered in the densely populated Augusta, Georgia area.
KEY COMPANY HIGHLIGHTS:
• The work force is second to none with a stable, highly skilled team that are cross-trained for all sectors of the business. The company uniquely maintains a list of quality candidates that wish to join their team because of their excellent working conditions.
• Commercial work has been the fastest growing portion of this business. Shopping centers to large industrial buildings has been the focus with highly diversified teams.
• Their "value proposition" is fast responses 24/7, with highly skilled individuals.
• Having the design/lighting business allows them to work together well and respond quickly to customer needs. Providing design advice is an addon advantage with name recognition. Both businesses would ideally be sold together to maintain this competitive advantage.
• There exists a great opportunity to grow the company through implementation of a detailed marketing plan especially through web presence & continued social media. Hiring a dedicated sales manager would also promote company growth.
TEAM AND FACILITY:
• One owner runs bidding, sales relationships, manages crews, and is responsible for the overall outside efforts of the electrical business. The second runs the lighting showroom only.
• The electrical business has 28 full time employees and is well staffed with all management in place to operate the companies proficiently. The lighting showroom has two employees.
• The owned business facility has 1,200 square feet of office as well as a shop building on the property that contains 3,000 square feet of space. The design showroom is a rented space in a strip mall. The owner would consider selling the owned facility.
FINANCIAL OVERVIEW:
ELECTRICAL:
2023 Revenue $4.5M Sellers Discretionary Earnings $1.5M
2022 Revenue $5.5M Sellers Discretionary Earnings $1.3M
2021 Revenue $4.6M Sellers Discretionary Earnings $1.3M
LIGHTING:
2023 Revenue $578K Sellers Discretionary Earnings $221K
2022 Revenue $731K Sellers Discretionary Earnings $223K
2021 Revenue $561K Sellers Discretionary Earnings $208K
