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Commercial Electrical Contracting Firm In Wilmington For Sale

Wilmington, North Carolina, US
Asking Price:
Over $5M Furniture / Fixtures included
Sales Revenue:
$6,009,895
Cash Flow:
$1,399,660

This North Carolina based business is a reputable and well-established commercial electrical services firm.
With a proud history of over three decades, they have earned a stellar reputation for providing top-notch electrical solutions to commercial clients.

Their team of highly skilled and licensed electricians is committed to delivering exceptional workmanship, ensuring safety, efficiency, and reliability in every project they undertake.

Whether it's electrical repairs, installations, or maintenance, the business excels in delivering personalized and cost-effective solutions tailored to meet the unique needs of its clients.

The company maintains gross profit margins, SDE and adjusted EBITDA profit margins higher than the industry average.

The business currently has over $3,000,000 in contractual backlog and an additional $4,500,000+ of outstanding quotes/RFP’s. 2024 gross revenue is expected to approach $7,000,000.

As a trusted local company, they are dedicated to maintaining the highest customer service standards and have become a go-to choice for anyone seeking quality commercial electrical services in the central Southeast area.

View Executive CIM Video: https://youtu.be/xS0_b7swVCE

Property Information

Real Estate:

Real Property Included

Location:

The business operates from a commercial business park with easy access to the major thoroughfare which is owned by the business owners available for sale or lease.

Size in square feet:
3,000

Business Operation

Expansion Potential:

The company has a steady flow of projects and maintains a backlog equivalent to approximately 6 months of work.

Reasons for selling:

True Retirement.

Trading hours:

M-F 8:30-5

Employees:
22
Years established:
31

Other Information

Support & training:

Seller will provide a total of 240 hours of transition support included in the purchase price.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller will consider up to 10% seller financing dependent upon overall terms and conditions.

Furniture / Fixtures value:
$510,500 - included in the asking price
Inventory / Stock value:
$180,000
Relocatable:
This business can be relocated.