This is a rapidly growing electrical servicing company that services customers within a localized region of North Texas. This company provides a wide variety of both residential and commercial electrical services. This business was started in 2016 from the ground up by the current owner and has experienced tremendous growth since then, servicing over 4,300 clients along the way and doing over $1,200,000 in annual sales in 2021 with projections to meet or exceed that in 2022.
This business has grown from one employee at the beginning to a total of 8 employees, of which 3 are Journeyman and one is a master electrician. It also comes with a repeat customer base and highly coveted local reputation both online and in the electrical industry. This company has sustained its success by offering clients a no-pressure-sales model, not requiring service contracts, providing high quality work, and keeping a “customer first” mentality.
This current owner has the goal of expanding the staff in order to expand their service area and to have the ability to win bigger bids. However, with the current market conditions the owners have found some difficulty in hiring extra staff which impacts the ability to expand. The current owner also noted that the commercial component of this company has a lot of potential for growth and upside, but it is currently limited due to inability to hire an adequate amount of staffing to be able to service more commercial customers. This would make a great business for a current electrician looking to buy and continue to grow an electrical services business, a bolt-on to a platform company, or even strategic buyers looking to make a return on their investment.