Established Electrical Contractor with Significant Book of Business

Empire Business Associates, a Northeast Ohio merger and acquisition firm, represents an Electrical Contractor business that is available for acquisition.

This 30-year-old company is a trusted and well-established electrical services provider with a reputation for delivering high-quality workmanship and reliable service. Specializing in both residential and commercial projects, the company offers a wide range of services, including electrical installations, maintenance, and repair. With a team of highly skilled and certified electricians, they are committed to safety, efficiency, and customer satisfaction, making them a preferred choice for clients throughout the region.
Some of their areas of expertise are:
• Residential
• Commercial
• Light Industrial Sectors
• Fire alarm systems install and service
• Phone/data cabling
• New construction and remodeling
• Generator installation
• Value engineering
• Design builds


INVESTMENT CONSIDERATIONS

There are numerous benefits for the buyer, who purchases this established business,
including:

• Strong customer distribution, no one customer makes up a significant percentage of their sales revenue.

• The company offers the new owners a well-known and established name that can draw business from anywhere around the state.

• The company has a network of customers: new, reoccurring, word of mouth, and drive by customers.

• This business opportunity is also unique in that it is not at capacity and has no major capital investment required.
• The new owner will have the potential to branch out beyond the current client list and service area.

• Sales and marketing are the biggest areas where a new owner could quickly start gaining more attention and build on a great foundation.

• They have built a solid team of 11 full-time electricians with an average time with the company of over 7 years.


FINANCIAL INFORMATION

12/30/2021 12/30/2022 12/30/2023

Sales $3,856,905 $4,669,434 $3,061,755
SDE $364,698 $641,863 $622,329


*Sales are up 100% in 2024 vs same period 2023.


PRICE

The price for the business is $1,535,000 which includes inventory and equipment. The owner leases the real estate, you can either continue to rent, buy the building or move the operation to your own facility.


The information contained in this document is provided solely as a guide to some of the more commonly asked questions regarding this business. The broker, or his agent, has not verified this information, and we do not guarantee the accuracy of this information.